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multiyear contract

Defined in 1 dictionary — U.S. Code

United States Code

38 U.S.C. § 114 — for the purposes of this section

The term “multiyear contract” means a contract which by its terms is to remain in effect for a period which extends beyond the end of the fiscal year during which the contract is entered into but not beyond the end of the fourth fiscal year following such fiscal year. Such term does not include a contract for construction or for a lease of real property.