Glossary of Terms, Acronyms and Definitions


The glossary is  your key to decoding acronyms, terms and definitions throughout the site. 

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Federal Program

(1)   All Federal awards which are assigned a single Assistance Listings Number.

(2)   When no Assistance Listings Number is assigned, all Federal awards from the same agency made for the same purpose must be combined and considered one program.

(3)   Notwithstanding paragraphs (1) and (2) of this definition, a cluster of programs. The types 

of clusters of programs are:

(i)    Research and development (R&D);

(ii)    Student financial aid (SFA); and

(iii)   “Other clusters,” as described in the definition of cluster of programs in this 2 CFR 200.

Entry link: Federal Program

Federal Register

The official journal of the federal government of the United States that contains government agency rules, proposed rules, and public notices. It is a daily (except federal holidays) publication. The final rules promulgated by a federal agency and published in the Federal Register are ultimately reorganized by topic or subject matter and codified in the Code of Federal Regulations (CFR), which is updated annually.

Entry link: Federal Register

Federal Share

The portion of the total project costs that are paid by Federal funds.

Entry link: Federal Share

Fee Simple Interest

Is the least limited interest and most complete and absolute ownership in land. The interests most commonly acquired in WSFR-administered award programs are fee title, easement and leasehold.

Fee with exception to title or less than full fee is an ownership interest in land that excludes one or more interests in real property. Some examples are: a parcel with a power-line easement through it a parcel where one entity owns all interests except the mineral rights, or a parcel subject to a conservation easement.

Entry link: Fee Simple Interest


Federal Funding Accountability and Transparency Act of 2006 or Transparency Act - Public Law 109-282, as amended by section 6202(a) of Public Law 110-252 (31 U.S.C> 6101)

Entry link: FFATA


Federal Financial Report

Entry link: FFR

Final Cost Objective

A cost objective which has allocated to it both direct and indirect costs and, in the non-Federal entity's accumulation system, is one of the final accumulation points, such as a particular award, internal project, or other direct activity of a non-Federal entity.                                

Entry link: Final Cost Objective

Financial Institutions Reform, Recovery, and Enforcement Act of 1989

Established a real estate appraiser regulatory system involving the federal government, the states and the Appraisal Foundation.

Entry link: Financial Institutions Reform, Recovery, and Enforcement Act of 1989

Financial Obligations

When referencing a recipient's or subrecipient's use of funds under a Federal award, means orders placed for property and services, contracts and sub awards made, and similar transactions that require payment.

Entry link: Financial Obligations

Fixed Amount Awards

A type of grant or cooperative agreement under which the Federal awarding agency or pass-through entity provides a specific level of support without regard to actual costs incurred under the Federal award. This type of Federal award reduces some of the administrative burden and record-keeping requirements for both the non-Federal entity and Federal awarding agency or pass-through entity. Accountability is based primarily on performance and results. See §§ 200.102(c), 200.201(b), and 200.333.

Entry link: Fixed Amount Awards

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