Guam Code > Title 17 > Chapter 32 – Scope of Instruction
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Terms Used In Guam Code > Title 17 > Chapter 32 - Scope of Instruction
- 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
- Contract: A legal written agreement that becomes binding when signed.
- Liabilities: The aggregate of all debts and other legal obligations of a particular person or legal entity.