Code of Federal Regulations (Last Updated: November 8, 2024) |
Title 2 - Grants and Agreements |
Subtitle B - Federal Agency Regulations for Grants and Agreements |
Chapter XI - Department of Defense |
SubChapter A - General Matters and Definitions |
Part 1108 - Definitions of Terms Used in Subchapters a Through F of This Chapter |
Subpart B - Definitions |
§ 1108.410 - Working capital advance.
Latest version.
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§ 1108.410 Working capital advance.
Working capital advance means a payment method under which funds are advanced to a recipient or subrecipient to cover its estimated disbursement needs for a given initial period, after which the DoD component making the award makes payment to the recipient or subrecipient by way of reimbursement.