Terms Used In Guam Code > Title 5 > Chapter 88 - The Commission on Chamoru Language and the Teaching of the History and Culture of the Indigenous People of Guam

• Appropriation: The provision of funds, through an annual appropriations act or a permanent law, for federal agencies to make payments out of the Treasury for specified purposes. The formal federal spending process consists of two sequential steps: authorization
• 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.
• Oversight: Committee review of the activities of a Federal agency or program.
• Quorum: The number of legislators that must be present to do business.