CFR > Title 7 > Subtitle B > Chapter I > Subchapter B > Part 46 > Definitions
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§ 46.1 | Words in singular form |
§ 46.2 | Definitions |
Terms Used In CFR > Title 7 > Subtitle B > Chapter I > Subchapter B > Part 46 > Definitions
- Contract: A legal written agreement that becomes binding when signed.
- 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.
- Damages: Money paid by defendants to successful plaintiffs in civil cases to compensate the plaintiffs for their injuries.
- Department: means the U. See 7 CFR 51.2
- Grade: means a class or rank of quality. See 7 CFR 51.2
- Partnership: A voluntary contract between two or more persons to pool some or all of their assets into a business, with the agreement that there will be a proportional sharing of profits and losses.