§ 1508.200 What is a covered transaction?
§ 1508.205 Why is it important if a particular transaction is a covered transaction?
§ 1508.210 Which nonprocurement transactions are covered transactions?
§ 1508.215 Which nonprocurement transactions are not covered transactions?
§ 1508.220 Are any procurement contracts included as covered transactions?
§ 1508.225 How do I know if a transaction in which I may participate is a covered transaction?
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Terms Used In CFR > Title 22 > Chapter XV > Part 1508 > Subpart B - Covered Transactions

  • Attachment: A procedure by which a person's property is seized to pay judgments levied by the court.
  • Baseline: Projection of the receipts, outlays, and other budget amounts that would ensue in the future without any change in existing policy. Baseline projections are used to gauge the extent to which proposed legislation, if enacted into law, would alter current spending and revenue levels.
  • Contract: A legal written agreement that becomes binding when signed.
  • Entitlement: A Federal program or provision of law that requires payments to any person or unit of government that meets the eligibility criteria established by law. Entitlements constitute a binding obligation on the part of the Federal Government, and eligible recipients have legal recourse if the obligation is not fulfilled. Social Security and veterans' compensation and pensions are examples of entitlement programs.
  • Markup: The process by which congressional committees and subcommittees debate, amend, and rewrite proposed legislation.