46 C.F.R. § 505.2 Definitions.
Title 46 - Shipping
(a) Administrative offset, as defined in 31 U.S.C. 3701(a)(1), means withholding money payable by the United States Government to, or held by the Government for, a person to satisfy a debt the person owes the Government. (b) Person includes a natural person or persons, profit or non-profit corporation, partnership, association, trust, estate, consortium, or other entity which is capable of owing a debt to the United States Government except that agencies of the United States, or of any State or local government shall be excluded.
Title 46: Shipping
PART 505—ADMINISTRATIVE OFFSET
§ 505.2 Definitions.
