Accountable Property definition

Accountable Property means Government owned items with a purchase price of $5,000 or more, or items that Government considers valuable or sensitive (e.g., cameras, chainsaws, laptop computers). This Accountable Property is generally tagged with a Government identification number.
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Accountable Property means any item of property acquired by capital lease, or with an acquisition cost of $5,000 or greater with a useful life of two years or more.
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Accountable Property means all personal property that is subject to accountability by appropriate authority. Such property includes capitalized and non-capitalized equipment with an acquisition cost of $1,000 or more per item or has been deemed pilferable by the Property Manager. Items with recurring monthly charges with life cycle cost of more than $1,000, such as cellular phones, must be included as accountable property. Accountability is also required for items purchased utilizing the Governmentwide Purchase Card.
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Examples of Accountable Property in a sentence

  • Contractor shall maintain all loaned Accountable Property or Durable Property in good condition during use and shall return all such loaned Property loaned by Government before departing from the Incident.

  • F 5.1 To ensure continued safe, efficient operations at an Incident, Government may loan Accountable Property or Durable Property to Contractor for use at the Incident.

  • Federal Accounting Regulations prohibit Government from exchanging or replacing Accountable Property or Durable Property.

  • The Contractor shall reconcile any variances between recorded and inventoried quantities with the USACE Accountable Property Officer in accordance with USG Property Control Plan.

  • SMD provides property management training to Headquarters Accountable Property Officers.

  • Government is prohibited from exchanging or replacing PPE, Accountable Property or Durable Property.

  • Accountable Property The OJP Financial Guide requires that accurate records for equipment be maintained and that a physical inventory of the equipment be accomplished at least every 2 years.

  • In accordance with government regulations, serve as the Property Custodian for all Installation Accountable Property provided to the GLTIC.

  • Accountable Property - Army Regulation 735-5 - A term used to identify property recorded in a formal property management or accounting system.


More Definitions of Accountable Property

Accountable Property means only those items over $5000 which has a life of more than one year. It is required that these items be listed and a determination of how title will be vested at completion of the project. Items of equipment which have a value of less than $5000 may be listed if the University has no objections to tracking the items and there is justification for doing so, i.e., the equipment is provided by an outside agency and they want the equipment at completion of the RWO.)
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Related to Accountable Property

  • rateable property means property on which the municipality may in terms of Section 2 of the Property Rates Act 2004 levy a rate, but excluding property fully excluded from the levying of rates in terms of Section 17 of that Act.

  • movable property means property of every description except immovable property;

  • newly rateable property means any rateable property on which property rates were not levied before the end of the financial year preceding the date on which this Act took effect, excluding –

  • Taxable Property means all Assessor’s Parcels which are not Exempt Property.

  • Eligible Property means property beneficially owned by a person or entity other than the Fund and held in a bank account maintained by BNYM for or on behalf of the Fund, or property held in a Fund shareholder account, which is (x) subject to reporting or escheat under an Unclaimed Property Law, (y) of a nature or type or classification reasonably related to the services performed by BNYM under this Agreement (such as cash amounts representing non-negotiated dividend checks and shares in abandoned shareholder accounts), and (z) under the control of BNYM.

  • immovable property shall have the meaning which it has under the law of the Contracting State in which the property in question is situated. The term shall in any case include property accessory to immovable property, livestock and equipment used in agriculture and forestry, rights to which the provisions of general law respecting landed property apply, usufruct of immovable property and rights to variable or fixed payments as consideration for the working of, or the right to work, mineral deposits, sources and other natural resources; ships, boats and aircraft shall not be regarded as immovable property.

  • Assessable property means property that is liable to assessment under this By-law;

  • Qualified Property has the meaning set forth in Section 313.021(2) of the TEXAS TAX CODE and as interpreted by the Comptroller’s Rules and the Texas Attorney General, as these provisions existed on the Application Review Start Date.

  • Stabilized Property means a completed Property that has achieved an Occupancy Rate of at least eighty percent (80%) for a period of not less than one (1) full calendar quarter.

  • Property NOI means, with respect to any Property for any Rolling Period (without duplication) the aggregate amount of (i) Property Income for such period minus (ii) Property Expenses for such period.

  • Income Property means, in respect of each Sub-Fund, (a) all interest, dividends and other sums deemed by the Trustee, (after consulting the auditors either on a general or case by case basis), to be in the nature of income (including taxation repayments, if any) received or receivable by the Trustee in respect of the Deposited Property of the relevant Sub-Fund (whether in cash or, without limitation, by warrant, cheque, money, credit or otherwise or the proceeds of sale or transfer of any Income Property received in a form other than cash); (b) all interest and other sums received or receivable by the Trustee in respect of (a), (c) or (d) of this definition; (c) all cash payments received or receivable by the Trustee for the account of the relevant Sub-Fund in respect of an Application; and (d) all Cancellation Compensation received by the Trustee for the account of the relevant Sub-Fund; (e) any payments to be received or are receivable by the Trustee under any contractual agreements in the nature of investments for the benefit of the relevant Sub-Fund but excluding (i) the Deposited Property; (ii) any amount for the time being standing to the credit of the distribution account for the account of the relevant Sub-Fund or previously distributed to Unitholders; (iii) gains for the account of the relevant Sub-Fund arising from the realisation of Securities; and (iv) any sums applied towards payment of the fees, costs and expenses payable by the Trust from the Income Property of the relevant Sub-Fund;

  • Excluded Property shall have the meaning set forth in the Security Agreement.

  • Stored value means monetary value that is evidenced by an electronic record.

  • Release Property has the meaning set forth in Section 2.5.

  • Applicant’s Qualified Property means the Qualified Property of the Applicant to which the value limitation identified in the Agreement will apply and as more fully described in EXHIBIT 4 of this Agreement.

  • Property means any interest in any kind of property or asset, whether real, personal or mixed, or tangible or intangible.

  • Real Property Assets means, as of any time, the real property assets (including interests in participating mortgages in which the Borrower’s interest therein is characterized as equity according to GAAP) owned directly or indirectly by the Borrower, EQR and the Consolidated Subsidiaries of either or both at such time.

  • Total Assets as of any date means the sum of (i) the Undepreciated Real Estate Assets and (ii) all other assets of the Company and its Subsidiaries determined in accordance with GAAP (but excluding accounts receivable and intangibles).

  • Liquid Assets mean Borrower's cash on hand plus Borrower's readily marketable securities.

  • Customer Property means the property, other than real property and IPR, including any equipment issued or made available to the Supplier by the Customer in connection with this Call Off Contract;

  • Sale and Lease-Back Transaction shall have the meaning assigned to such term in Section 6.03.

  • Excluded Properties the collective reference to the fee or leasehold interest in real properties owned by the Parent Borrower or any of its Subsidiaries not described in Schedule 5.8.

  • Tangible Property means all equipment, machinery, goods, furniture, furnishings, fixtures, supplies, tools, materials, vehicles, books, records, and other tangible personal property that are part of the Collateral.

  • Property Loss Event means any loss of or damage to property of Group or any Subsidiary thereof that results in the receipt by such Person of proceeds of insurance in excess of $2,000,000 or any taking of property of Group or any Subsidiary thereof that results in the receipt by such Person of a compensation payment in respect thereof in excess of $2,000,000.

  • Attributable Receivables Indebtedness at any time shall mean the principal amount of Indebtedness which (i) if a Permitted Receivables Facility is structured as a secured lending agreement, constitutes the principal amount of such Indebtedness or (ii) if a Permitted Receivables Facility is structured as a purchase agreement, would be outstanding at such time under the Permitted Receivables Facility if the same were structured as a secured lending agreement rather than a purchase agreement.