CFR > Title 5 > Chapter I > Subchapter B > Part 531 > Subpart B > Using a Highest Previous Rate Under the Maximum Payable Rate Rule
Current as of: 2024 | Check for updates
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Other versions
| § 531.221 | Maximum payable rate rule |
| § 531.222 | Rates of basic pay that may be used as the highest previous rate |
| § 531.223 | Rates of basic pay that may not be used as the highest previous rate |
Terms Used In CFR > Title 5 > Chapter I > Subchapter B > Part 531 > Subpart B > Using a Highest Previous Rate Under the Maximum Payable Rate Rule
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
- Indictment: The formal charge issued by a grand jury stating that there is enough evidence that the defendant committed the crime to justify having a trial; it is used primarily for felonies.
- Jurisdiction: (1) The legal authority of a court to hear and decide a case. Concurrent jurisdiction exists when two courts have simultaneous responsibility for the same case. (2) The geographic area over which the court has authority to decide cases.
- Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
- Personal property: All property that is not real property.
- Statute: A law passed by a legislature.