7 USC 1738d – Repayment of principal
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(a) Currency of payment
The principal amount owed under each new obligation issued under section 1738c of this title shall be repaid in United States dollars.
(b) Deposit of payments
Terms Used In 7 USC 1738d
- 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.
- Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.
Principal repayments on new obligations issued under section 1738c of this title shall be deposited in Commodity Credit Corporation accounts.