Terms Used In U.S. Code > Title 15 > Chapter 29
- Baseline: Projection of the receipts, outlays, and other budget amounts that would ensue in the future without any change in existing policy. Baseline projections are used to gauge the extent to which proposed legislation, if enacted into law, would alter current spending and revenue levels.
- Discretionary spending: Spending (budget authority and outlays)controlled in annual appropriations acts.
- Federal Reserve System: The central bank of the United States. The Fed, as it is commonly called, regulates the U.S. monetary and financial system. The Federal Reserve System is composed of a central governmental agency in Washington, D.C. (the Board of Governors) and twelve regional Federal Reserve Banks in major cities throughout the United States. Source: OCC
- interstate commerce: means commerce between any State, Territory, possession of the United States, or the District of Columbia, and any place outside thereof. See
- National Credit Union Administration: The federal regulatory agency that charters and supervises federal credit unions. (NCUA also administers the National Credit Union Share Insurance Fund, which insures the deposits of federal credit unions.) Source: OCC
- Person: includes partnerships, associations, and corporations, as well as individuals. See
- Quorum: The number of legislators that must be present to do business.
- switchblade knife: means any knife having a blade which opens automatically--
(1) by hand pressure applied to a button or other device in the handle of the knife, or
- Tort: A civil wrong or breach of a duty to another person, as outlined by law. A very common tort is negligent operation of a motor vehicle that results in property damage and personal injury in an automobile accident.
- Uniform Commercial Code: A set of statutes enacted by the various states to provide consistency among the states' commercial laws. It includes negotiable instruments, sales, stock transfers, trust and warehouse receipts, and bills of lading. Source: OCC