Settlement.

Settlement. Compromise, adjustment, cancellation, or charge-off of a debt owed to the Agency. The term settlement is used to refer to any of these actions, whether individually or collectively.

Source

7 CFR § 1752.3

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Scoping language

The terms and conditions provided in this section are applicable to this part only. All financial terms not defined in this section shall have the commonly-accepted meaning under Generally Accepted Accounting Principles.

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