CFR > Title 48 > Chapter 9 > Subchapter I > Part 970 > Subpart 970.42 – Contract Administration
Current as of: 2024 | Check for updates
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Other versions
| § 970.4207-03-02 | Certificate of costs |
| § 970.4207-03-70 | Contract clause |
| § 970.4207-05-01 | Contracting officer determination procedure |
Terms Used In CFR > Title 48 > Chapter 9 > Subchapter I > Part 970 > Subpart 970.42 - Contract Administration
- Contract: A legal written agreement that becomes binding when signed.
- Interest rate: The amount paid by a borrower to a lender in exchange for the use of the lender's money for a certain period of time. Interest is paid on loans or on debt instruments, such as notes or bonds, either at regular intervals or as part of a lump sum payment when the issue matures. Source: OCC
- Public law: A public bill or joint resolution that has passed both chambers and been enacted into law. Public laws have general applicability nationwide.
- Settlement: Parties to a lawsuit resolve their difference without having a trial. Settlements often involve the payment of compensation by one party in satisfaction of the other party's claims.