Terms Used In 10 CFR Part 31 - General Domestic Licenses for Byproduct Material

• Act: means the Federal Seed Act approved August 9, 1939 (53 Stat. See 7 CFR 201.2
• Amortization: Paying off a loan by regular installments.
• 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
• controlled subsidiary: means a corporation (or LLC or LLP) in which more than 50 percent of the voting power is controlled by a parent corporation. See 27 CFR 19.151
• corporation: includes a Limited Liability Company (LLC) or Limited Liability Partnership (LLP) in any jurisdiction where the law authorizes such a business organization to operate. See 27 CFR 19.151
• Donor: The person who makes a gift.
• Fair Credit Reporting Act: A federal law, established in 1971 and revised in 1997, that gives consumers the right to see their credit records and correct any mistakes. ^{Source: OCC}
• Injunction: An order of the court prohibiting (or compelling) the performance of a specific act to prevent irreparable damage or injury.
• lot of seed: means a definite quantity of seed identified by a lot number, every portion or bag of which is uniform, within permitted tolerances, for the factors which appear in the labeling. See 7 CFR 201.2
• mixture: means seeds consisting of more than one kind or variety, each present in excess of 5 percent by weight of the whole. See 7 CFR 201.2
• off-type: means a plant or seed which deviates in one or more characteristics from that which has been described in accordance with § 201. See 7 CFR 201.2
• person: includes an individual partnership, corporation, company, society, association, receiver, trustee, or agent;

  (c) Secretary. See 7 CFR 201.2

• purity: means the name or names of the kind, type, or variety and the percentage or percentages thereof; the percentage of other agricultural seed; the percentage of weed seeds, including noxious-weeds seeds; the percentage of inert matter; and the names of the noxious-weed seeds and the rate of occurrence of each. See 7 CFR 201.2
• Recourse: An arrangement in which a bank retains, in form or in substance, any credit risk directly or indirectly associated with an asset it has sold (in accordance with generally accepted accounting principles) that exceeds a pro rata share of the bank's claim on the asset. If a bank has no claim on an asset it has sold, then the retention of any credit risk is recourse. ^{Source: FDIC}