Guam Code > Title 17 > Chapter 23 – The Guam Small Business Incubator Program
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Terms Used In Guam Code > Title 17 > Chapter 23 - The Guam Small Business Incubator Program
- 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
- Fair market value: The price at which an asset would change hands in a transaction between a willing, informed buyer and a willing, informed seller.
- Trustee: A person or institution holding and administering property in trust.