§ 505.1 Scope of regulations
§ 505.2 Definitions
§ 505.3 General
§ 505.4 Notification procedures
§ 505.5 Agency review
§ 505.6 Written agreement for repayment
§ 505.7 Administrative offset
§ 505.8 Jeopardy procedure

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Terms Used In 46 CFR Part 505 - Administrative Offset

  • Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
  • 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.
  • Liabilities: The aggregate of all debts and other legal obligations of a particular person or legal entity.
  • Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.
  • Partnership: A voluntary contract between two or more persons to pool some or all of their assets into a business, with the agreement that there will be a proportional sharing of profits and losses.
  • Statute: A law passed by a legislature.