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Obligations
Housing and Lending Information from HUD


 
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Obligations

Obligations
An amount corresponding to an order placed, contract awarded, services received, and similar transaction for bona fide needs existing during a given period that will require payment during the same or future period and that complies with applicable laws and regulations. (JFMIP Core; A-34, Sec. 21.1,p. 11-7) (SGL, corresponds to Account 4800, Undelivered Orders)

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Copyright 2006. Keith P. Graham