Page:United States Statutes at Large Volume 58 Part 1.djvu/670

 650 PUBLIC LAWS-0H. 358-JTIjY 1, 1944 [58 STAT. DEFINMTIONS SC. 3. As used in this Act- Prime contract." (a) The term "prime contract" means any contract, agreement, or purchase order heretofore or hereafter entered into by a contracting agency and connected with or related to the prosecution of the war; "Primecontractor." and the term "prime contractor" means any holder of one or more prime contracts. "Subcontract." (b) The term "subcontract" means any contract, agreement, or purchase order heretofore or hereafter entered into to perform any work, or to make or furnish any material to the extent that such work or material is required for the performance of any one or more prime "Subcontractor." contracts or of any one or more other subcontracts; and the term "subcontractor" means any holder of one or more subcontracts. "War contract." (c) The term "war contract" means a prime contract or a subcon- "war contractor." tract; and the term "war contractor" means any holder of one or more war contracts. "Termination," (d) The terms "termination", "terminate", and "terminated" refer
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a n d to the termination or cancelation, in whole or in part, of work under a prime contract for the convenience or at the option of the Govern- ment (except for default of the prime contractor) or of work under a subcontract for any reason except the default of the subcontractor. "Material." (e) The term 'material" includes any article, commodity, machinery, equipment, accessory, part, component, assembly, work in process, maintenance, repair, and operating supplies, and any product of any kind. "Government ; (f) The term "Government agency" means any executive depart- gy ment of the Government, or any administrative unit or subdivision thereof, any independent agency or any corporation owned or con- trolled by the United States in the executive branch of the Govern- ment, and includes any contracting agency. " Contracting (g) The term "contracting agency" means any Government agency ency, which has been or hereafter may be authorized to make contracts s5Uts. n.pp pursuant to section 201 of the First War Powers Act, 1941, and nI, app. 611 . includes the Reconstruction Finance Corporation and any corpora- tion organized pursuant to the Reconstruction Finance Corporation .15 U.. S. ! 6t et Act (47 Stat. 5), as amended, the Smaller War Plants Corporation, teq.upp. and the War Production Board. cei"Trmlnatlon (h) The term "termination claim" means any claim or demand by a war contractor for fair compensation for the termination of any war contract and any other claim under a terminated war con- tract, which regulations prescribed under this Act authorize to be asserted and settled in connection with any termination settlement. "interim lnano (i) The term "interim financing" includes advance payments, partial payments, loans, discounts, advances, and commitments in connection therewith, and guaranties of loans, discounts, advances and commitments in connection therewith and any other type of financing made in contemplation of or related to termination of war contracts. "Dircctor." (j) The'term "Director" means the Director of Contract Settle- ment. "Person." (k) The term "person" means any individual, corporation, part- nership, firm, association, trust, estate, or other entity. Tentiy fIn- (1) The term "termination inventory" means any materials (including a proper part of any common materials), properly allocable to the terminated portion of a war contract, except any machinery or equipment subject to a separate contract specifically governing the use or disposition thereof. "Fnl aEd oa nc u- (m) The term "final and conclusive", as applied to any settlement, finding, or decision, means that such settlement, finding, or decision

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