Terms Used In CFR > Title 49 > Subtitle B > Chapter III > Subchapter B > Part 376 > Subpart A - General Applicability and Definitions

• Contract: A legal written agreement that becomes binding when signed.
• Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). ^{Source: OCC}
• Real property: Land, and all immovable fixtures erected on, growing on, or affixed to the land.