Assignment of Claims

From Knowledge base
Revision as of 19:50, 14 September 2013 by Marshall (Talk | contribs)

(diff) ← Older revision | Latest revision (diff) | Newer revision → (diff)
Jump to: navigation, search

“Assignment of claims” means the transfer or making over by the contractor to a bank, trust company, or other financing institution, as security for a loan to the contractor, of its right to be paid by the Government for contract performance.[1]

References and Notes

  1. FAR 2.1