CFR > Title 5 - Administrative Personnel > CHAPTER VI—FEDERAL RETIREMENT THRIFT INVESTMENT BOARD > PART 1645—CALCULATION OF SHARE PRICES > 1645.1—Definitions.

1645.1—Definitions.

(a) Definitions generally applicable to the Thrift Savings Plan are set forth at 5 CFR 1690.1.
(b) As used in this part:
Accrued means that income is accounted for when earned and expenses are accounted for when incurred.
Administrative expenses means expenses described in 5 U.S.C. 8437(c)(3).
Basis means the number of shares of an investment fund upon which the calculation of a share price is based.
Business day means any calendar day for which share prices are calculated.
Forfeitures means amounts forfeited to the TSP pursuant to 5 U.S.C. 8432(g)(2) and other non-statutory forfeited amounts, net of restored forfeited amounts.