Accountable Personal Property Law and Legal Definition
Pursuant to 41 CFR 102-35.20 [Title 41 -- Public Contracts And Property Management; Subtitle C -- Federal Property Management Regulations System; Chapter 102 -- Federal Management Regulation System; Subchapter B -- Personal Property; Part 102-35 -- Disposition Of Personal Property], Accountable Personal Property includes "nonexpendable personal property whose expected useful life is two years or longer and whose acquisition value, as determined by the agency, warrants tracking in the agency's property records, including capitalized and sensitive personal property."
Legal Definition list
Related Legal Terms
- Abandoned Property
- Abandoned Security Property [Agriculture]
- Abandonment of Property
- Accidental Personal Injury
- Accountable Injury or Illness [Transportation]
- Accountable Rail Equipment Accident
- Accountable Reimbursement Plan
- Accountable Sealed Radioactive Source
- Acid Contaminated Property
- Actio Personalis Moritur Cum Persona
