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                            13.001 Definitions.
        
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FAC Number: 2024-03 Effective Date: 02/23/2024
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Subpart13.013.113.213.313.413.5
Section13.00013.00113.00213.00313.00413.00513.006
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13.001 Definitions.13.001 Definitions.       As used in this part-          *Authorized individual* means a person who has been granted authority, in accordance with agency procedures, to acquire supplies and services in accordance with this part.          *Governmentwide commercial purchase card* means a purchase card, similar in nature to a commercial credit card, issued to authorized agency personnel to use to acquire and to pay for supplies and services.          *Imprest fund* means a cash fund of a fixed amount established by an advance of funds, without charge to an appropriation, from an agency finance or disbursing officer to a duly appointed cashier, for disbursement as needed from time to time in making payment in cash for relatively small amounts.          *Third party draft* means an agency bank draft, similar to a check, that is used to acquire and to pay for supplies and services. (See Treasury Financial Management Manual, Section 3040.70.)    **Parent topic:**  Part 13 - Simplified Acquisition Procedures
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