Liquidation Expenses [Agriculture] Law and Legal Definition
According to 7 CFR 761.2 [Title 7 – Agriculture, Subtitle B - Regulations of the Department of Agriculture, Chapter VII - Farm Service Agency, Department of Agriculture, Subchapter D - Special Programs, Part 761 - General Program Administration, Subpart A - General Provisions], liquidation expenses are “the costs of an appraisal, due diligence evaluation, environmental assessment, outside attorney fees, and other costs incurred as a direct result of liquidating the security for a direct or guaranteed loan. Liquidation expenses do not include internal Agency expenses for a direct loan or in-house expenses for a guaranteed loan.”
Legal Definition list
Related Legal Terms
- 30-Year Contract [Agriculture]
- Abandoned Security Property [Agriculture]
- Actual Yield [Agriculture]
- Adjusted Yield [Agriculture]
- Administration Expenses [Probate]
- Advisory Committe of Department of Agriculture
- Agricultural Cooperative Agreement [Agriculture]
- Agriculture Acquisition Regulation [AGAR]
- Agriculture Conservation Experienced Services Program
- Agriculture Marketing Act
