Special | A | B | C | D | E | F | G | H | I | J | K | L | M | N | O | P | Q | R | S | T | U | V | W | X | Y | Z | ALL
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Major ProgramA Federal program determined by the auditor to be a major program in accordance with § 200.518 or a program identified as a major program by a Federal awarding agency or pass-through entity in accordance with § 200.503(e). | |
Management DecisionThe Federal awarding agency's or pass-through entity's written determination, provided to the auditee, of the adequacy of the auditee's proposed corrective actions to address the findings, based on its evaluation of the audit findings and proposed corrective actions. | |
Mandatory ProgramA program with an authorizing statute requiring the government to make
an award to each eligible entity under the conditions and in the amount (or
based on the formula) specified in the statute. Under mandatory programs, no
competition for funds among eligible entities is required. | |
Marine Federal WatersThe area between the state waters boundary and the international waters boundary. | |
MatchThe value of any non-Federal in-kind contributions and the portion of
the costs of a grant-funded project or projects not borne by the Federal
government. | |
Memorandum of Understanding (MOU)A written agreement between two or more parties in a formal document. | |
Metes and BoundsSurvey system using landmarks and distances to define property boundaries. Starts at well marked point and follows boundaries of land and returns to the point of beginning. | |
Micro-PurchaseA purchase of supplies or services, the aggregate amount of which does not exceed the micro-purchase threshold. Micro-purchases comprise a subset of a non-Federal entity's small purchases as defined in § 200.320 | |
Micro-Purchase ThresholdThe dollar amount at or below which a non-Federal entity may purchase property or services using micro-purchase procedures (see § 200.320). Generally, the micro-purchase threshold for procurement activities administered under Federal awards is not to exceed the amount set by the FAR at 48 CFR part 2, subpart 2.1, unless a higher threshold is requested by the non-Federal entity and approved by the cognizant agency for indirect costs. | |