Search Results for: government contract

regime

regime (r[schwa]-zheemor ray-zheem). 1. A system of rules, regulations, or government (the community-property regime). 2. A particular administration or government, esp. an authoritarian one. — Also spelled régime. international regime. A set of norms of behavior and rules and policies that cover international issues and that facilitate substantive or procedural arrangements among countries. legal regime.

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indent

indent, n. 1. Hist. An indented certificate of indebtedness issued by the U.S. government or a state government in the late 18th or early 19th century. 2. A contract or deed in writing. indent (in-dent), vb. Hist. 1. To cut in a serrated or wavy line; esp., to sever (an instrument) along a serrated line

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investment

investment. 1. An expenditure to acquire property or assets to produce revenue; a capital outlay. [Cases: Contracts 193.] fixed-dollar investment. An investment whose value is the same when sold as it was when purchased. • Examples are bonds held to maturity, certain government securities, and savings accounts. fixed-income investment. An investment (including preferred stock) that

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cardinal change doctrine

cardinal-change doctrine. Contracts. The principle that if the government makes a fundamental, unilateral change to a contract beyond the scope of what was originally contemplated, the other party (usu. a contractor) will be released from the obligation to continue work under the contract. • A contractor’s allegation of cardinal change is essentially an assertion that

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concession

concession, n. 1. A government grant for specific privileges. 2. The voluntary yielding to a demand for the sake of a settlement. 3. A rebate or abatement. 4. Int’l law. A contract in which a country transfers some rights to a foreign enterprise, which then engages in an activity (such as mining) contingent on state

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suspect classification

suspect classification. Constitutional law. A statutory classification based on race, national origin, or alienage, and thereby subject to strict scrutiny under equal-protection analysis. • Examples of laws creating suspect classifications are those permitting only U.S. citizens to receive welfare benefits and setting quotas for the government’s hiring of minority contractors. See STRICT SCRUTINY. Cf. FUNDAMENTAL

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