CFR > Title 31 > Subtitle A > Part 3 > Subpart C – Indemnification of Department of Treasury Employees
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§ 3.30 | Policy |
Terms Used In CFR > Title 31 > Subtitle A > Part 3 > Subpart C - Indemnification of Department of Treasury Employees
- Indemnification: In general, a collateral contract or assurance under which one person agrees to secure another person against either anticipated financial losses or potential adverse legal consequences. Source: FDIC
- Service of process: The service of writs or summonses to the appropriate party.
- Settlement: Parties to a lawsuit resolve their difference without having a trial. Settlements often involve the payment of compensation by one party in satisfaction of the other party's claims.
- Statute: A law passed by a legislature.
- Verdict: The decision of a petit jury or a judge.