1434.3—Definitions.
The definitions set forth in this section shall be applicable for all purposes of program administration. The terms defined in part 718 of this title shall also be applicable except where those definitions are inconsistent with the definitions set forth in this section or for purpose of program instruments created under this part.
Approving official is a representative of CCC who is authorized by the Executive Vice President, CCC, to approve loan documents prepared under this part.
Charge is a fee, cost, and expense (including foreclosure costs) incident to insuring, carrying, handling, storing, conditioning, and marketing the honey and otherwise protecting the honey.
CMA is a cooperative marketing association engaged in marketing honey.
County office is the local FSA office.
Crop year is the calendar year in which honey is extracted.
Ineligible honey is honey not eligible for a loan under this part for which ineligibility shall include, but is not limited to, honey from applicable floral sources regardless of whether the honey meets other eligibility requirements.
Intermediate Bulk Container (IBC) is a bulk container with a polyethylene inner bottle with a galvanized steel protective cage with a 275 and 330 gallon capacity and is reusable.
Loan is a nonrecourse marketing assistance loan on honey.
Nontable honey is honey having a predominant flavor of limited acceptability for table use even though such honey may be considered suitable for table use.
Person is an individual, partnership, association, corporation, estate or trust, or other business enterprise or other legal entity and, whenever applicable a State, political subdivision of a State, or any agency thereof.
Table honey is any honey having a good flavor of the predominant floral source which can be readily marketed for table use.
Representative is a receiver, executor, administrator, guardian, or trustee representing the interests of a person or an estate.