 |
|
| F |
|
| Face Amount:
The par value (i.e., principal or maturity value) of a
security. |
| |
| Financing
Account:
A non-budget account
associated with each
credit program account.
The financing account
holds fund balances,
receives the subsidy
cost payment from
the credit program
account, and includes
all other cash flows
to and from the government
resulting from post-1991
direct loans or loan
guarantees. (OMB Circular
No. A-11, and OMB
Circular No. A-34,
"Instructions on Budget
Execution," Part VI,
"Credit Apportionment
and Budget Execution,"
hereafter cited as
OMB Circular No. A-34.)
|
| |
| Forbearance:
The act of a creditor who refrains from enforcing a debt
when it falls due. Various government credit programs,
under specific conditions, offer borrowers certain protections
against foreclosure. |
| |
| Force Majeure:
Events that are beyond the control of a contractor, such
as earthquakes, epidemics, blockades, wars, acts of sabotage,
and archeological site discoveries. |
| |
| Foreclosure:
Method of enforcing payment of a debt secured by a mortgage
by seizing the mortgaged property. Foreclosure terminates
all rights which the mortgagor has in the mortgaged property
upon completion of due process through the courts.
|
| |
| Forgive:
To grant relief from all or part of a debt under statutory
authority. When an agency forgives a debt, or some portion
thereof, it is deciding that the amount being waived is
not now part of the government's claim. |
| |
|
|
|
|
|
|