Liquidate

From Knowledge base
Revision as of 15:56, 21 May 2014 by Marshall (Talk | contribs)

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

“Liquidate” means to decrease a payment for an accepted supply item or service under a contract for the purpose of recouping financing payments previously paid to the contractor[1].

References

  1. FAR 32.001 Definitions, May 2014