covered sale

Defined in 1 dictionary — U.S. Code

United States Code

15 U.S.C. § 638 — under this chapter (5 versions over time)

In this clause, the term “covered sale” means a sale by a small business concern—

(aa) that the small business concern claims to be attributable to an SBIR or STTR award;

(bb) for which no amount of the payment was or is made using Federal funds;

(cc) which the small business concern uses to meet an applicable increased minimum performance standard under clause (i); and

(dd) that was or is received during the 5 fiscal years immediately preceding the fiscal year in which the small business concern uses the sale to meet the increased minimum performance standard.