[Code of Federal Regulations]
[Title 48, Volume 1]
[Revised as of October 1, 2003]
From the U.S. Government Printing Office via GPO Access
[CITE: 48CFR13.001]

[Page 197-198]
 
            TITLE 48--FEDERAL ACQUISITION REGULATIONS SYSTEM
 
                CHAPTER 1--FEDERAL ACQUISITION REGULATION
 
PART 13_SIMPLIFIED ACQUISITION PROCEDURES--Table of Contents
 
Sec.  13.001  Definitions.

    As used in this part--
    Authorized individual means a person who has been granted authority, 
in accordance with agency procedures, to acquire supplies and services 
in accordance with this part.
    Governmentwide commercial purchase card means a purchase card, 
similar in nature to a commercial credit card, issued to authorized 
agency personnel to use to acquire and to pay for supplies and services.
    Imprest fund means a cash fund of a fixed amount established by an 
advance of funds, without charge to an

[[Page 198]]

appropriation, from an agency finance or disbursing officer to a duly 
appointed cashier, for disbursement as needed from time to time in 
making payment in cash for relatively small amounts.
    Third party draft means an agency bank draft, similar to a check, 
that is used to acquire and to pay for supplies and services. (See 
Treasury Financial Management Manual, Section 3040.70.)

[62 FR 64917, Dec. 9, 1997 as amended at 66 FR 2128, Jan. 10, 2001]