Terms Used In 7 CFR Part 282 - Demonstration, Research, and Evaluation Projects

• Contract: A legal written agreement that becomes binding when signed.
• disposal agency: as used in this part refers to GSA. See 41 CFR 102-75.5
• Interest rate: The amount paid by a borrower to a lender in exchange for the use of the lender's money for a certain period of time. Interest is paid on loans or on debt instruments, such as notes or bonds, either at regular intervals or as part of a lump sum payment when the issue matures. ^{Source: OCC}
• Personal property: All property that is not real property.
• Real property: Land, and all immovable fixtures erected on, growing on, or affixed to the land.