Part 17 - 2015/2016 Regionals

Question 1

Prompt Payment Act

Answer 1

Federal agencies must pay their bills on time or they’d face interests on lates

Question 2

Early Bird Act

Answer 2

Discount or incentive set on early payments

Question 3

Secure Contracting Act

Answer 3

Ensure contracts are awarded in fair and transparent manner

Question 4

Government Guidelines Act

Answer 4

Set of rules to assist actors in complying with the government

Question 5

Commercial paper

Answer 5

Short-term (paid in months) debt instruments issued by companies due to the emergency in raising funds

Question 6

Repurchase agreements

Answer 6

Short-term loans with the transference of securities ownership (used as collateral)

Question 7

Debentures

Answer 7

Unsecured bonds; without any collateral (e.g., property, assets, etc.)