Guam Code > Title 4 > Chapter 12 – Government Housing
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Terms Used In Guam Code > Title 4 > Chapter 12 - Government Housing
- Fair market value: The price at which an asset would change hands in a transaction between a willing, informed buyer and a willing, informed seller.
- Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). Source: OCC