United States Code

Passive investment.—The term “passive investment” means an investment in which neither the investor nor any affiliate of the investor is involved in, or has the power to be involve

Except as otherwise provided in this subparagraph, the term “passive investment income” means gross receipts derived from royalties, rents, dividends, interest, and annuities.

The term “passive loss limitation activity” means— (A) any activity which involves the conduct of a trade or business, and (B) any rental activity.

the term “passive real estate ownership” means ownership of real estate for the purpose of deriving income from speculation, trade, or rental, except that such term shall not inclu

The term “passport” means any travel document issued by competent authority showing the bearer's origin, identity, and nationality if any, which is valid for the admission of the b

The term “pass-through deposit insurance” means, with respect to an employee benefit plan, deposit insurance coverage based on the interest of each participant, in accordance with

“pass-through entity” means a non-Federal entity that provides Federal awards to a subrecipient to carry out a Federal program;

The term “pass-through share insurance” means, with respect to an employee benefit plan, insurance coverage based on the interest of each participant, in accordance with regulation

For purposes of this subsection, the term “pass-thru entity” means— (A) a regulated investment company; (B) a real estate investment trust; (C) an S corporation; (D) a partnership;

The term “passthru payment” means any withholdable payment or other payment to the extent attributable to a withholdable payment.

For purposes of this subsection, the term “past-due, legally enforceable State income tax obligation” means a debt— (A) (i) which resulted from— (I) a judgment rendered by a court

In this part the term “past-due support” means the amount of a delinquency, determined under a court order, or an order of an administrative process established under State law, fo

The term “pasteurize” means the subjecting of each particle of egg products to heat or other treatments to destroy harmful viable micro-organisms by such processes as may be prescr

For purposes of this section, the term “patent” means a patent issued by the United States Patent and Trademark Office. / For purposes of this section, the term “patent” means a pa

The word “patentee” includes not only the patentee to whom the patent was issued but also the successors in title to the patentee.

The term “pathogen indicator” means a substance that indicates the potential for human infectious disease.

The term "patient" means any individual who obtains or receives services from a health care business.

The term “patient decision aid” means an educational tool that helps patients, caregivers or authorized representatives understand and communicate their beliefs and preferences rel

For purposes of this section, the term “patient experience data” includes data that— (1) are collected by any persons (including patients, family members and caregivers of patients

The term “patient movement” means the act or process of moving wounded, ill, injured, or other persons (including contaminated, contagious, and potentially exposed patients) to obt

The term “patient navigator” means an individual who has completed a training program approved by the Secretary to perform the duties listed in subsection (b).

The term “patient records” means any record relating to a patient, including a written document or a record recorded in a magnetic, optical, or other form of electronic medium.

The term "patient-reported outcome" means a measurement based on a report from a patient regarding the status of the patient's health condition without amendment or inter

The term “patient safety activities” means the following activities: (A) Efforts to improve patient safety and the quality of health care delivery. (B) The collection and analysis

The term “patient safety evaluation system” means the collection, management, or analysis of information for reporting to or by a patient safety organization.

The term “patient safety organization” means a private or public entity or component thereof that is listed by the Secretary pursuant to section 299b–24(d) of this title .

Except as provided in subparagraph (B), the term “patient safety work product” means any data, reports, records, memoranda, analyses (such as root cause analyses), or written or or

The term "Patrick Leahy Lake Champlain Basin Program" means the coordinated efforts among the Federal Government, State governments, and local governments to implement th

For purposes of this subchapter, the term “patronage dividend” means an amount paid to a patron by an organization to which part I of this subchapter applies— (1) on the basis of q

For purposes of this subsection, the terms “patronage earnings” and “patronage losses” means 1 earnings and losses, respectively, which are derived from business done with or for p

For purposes of this subsection, the terms “patronage earnings” and “patronage losses” means 1 earnings and losses, respectively, which are derived from business done with or for p

For purposes of paragraph (3)(D), the term "pattern of importing or offering for import" means importing or offering for import a drug described in clause (i) or (ii) of

The term "pattern of noncompliance" means the persistent failure— (i) of a Convention country to implement and abide by provisions of the Hague Abduction Convention; (ii)

the term “pattern or practice of assault or torture” means assault or torture engaged in on at least two occasions;

The term “pavement preservation programs and activities” means programs and activities employing a network level, long-term strategy that enhances pavement performance by using an

The term “pawnbroker” means any person whose business or occupation includes the taking or receiving, by way of pledge or pawn, of any firearm as security for the payment or repaym

“pay” means— (A) basic pay, premium pay paid under subchapter V, any payment received under subchapter VI, VII, or VIII, severance and back pay paid under subchapter IX, sick pay,

The terms “correspondent account” and “payable-through account” have the meanings given those terms in section 5318A of title 31 . / The terms “account”, “correspondent account”, a

the term “pay agent” means the agent designated by the President under section 5304(d)(1);

“pay and allowances” means— (A) basic pay; (B) special pay; (C) incentive pay; (D) basic allowance for housing; (E) basic allowance for subsistence; and (F) station per diem allowa

The term “payee statement” means any statement required to be furnished under— (A) section 6031(b) or (c), 6034A, or 6037(b) (relating to statements furnished by certain pass-thru

The term “pay for outcomes initiative” means a performance-based grant, contract, cooperative agreement, or other agreement awarded by a public entity in which a commitment is made

The term "pay-for-performance agreement" means a mutual benefit agreement (excluding a procurement contract, grant agreement, or cooperative agreement described in chapte

The term "pay-for-performance beneficiary" means a State or local government, an Indian Tribe, or a nonprofit or for-profit organization that— (A) repays capital loaned u

The term “pay-for-performance contract strategy” means a procurement strategy that uses pay-for-performance contracts in the provision of training services described in section 317

The term "pay-for-performance investor" means a State or local government, an Indian Tribe, or a nonprofit or for-profit organization that provides upfront loaned capital

The term "pay-for-performance project" means a project that— (A) would provide or enhance a recreational opportunity; (B) is conducted on— (i) National Forest System land

The term "pay-for-performance project developer" means a nonprofit or for-profit organization that serves as an intermediary to assist in developing or implementing a pay

Subject to subparagraph (B), the term “pay for success initiative” means a performance-based grant, contract, or cooperative agreement awarded by a State or local public entity (su

The term “PAYGO legislation” or a “PAYGO Act” refers to a bill or joint resolution that affects direct spending or revenue relative to the baseline. The budgetary effects of change

The term “PAYGO legislation” or a “PAYGO Act” refers to a bill or joint resolution that affects direct spending or revenue relative to the baseline. The budgetary effects of change

the term “paying agent” includes any issuer, transfer agent, broker, dealer, investment adviser, indenture trustee, custodian, or any other person that accepts payments from the is

The term “paying bank” means— (i) the bank by which a check is payable, unless the check is payable at or through another bank and is sent to the other bank for payment or collecti

the term “payload” means an object which a person undertakes to launch, and includes subcomponents of the launch vehicle specifically designed or adapted for that object; / the ter

the term “payload integration services” means activities involved in integrating multiple payloads into a single payload for launch or integrating a payload with a launch vehicle;

the term “locality” or “pay locality” means any locality, as established or modified under section 5304;

The term “payment” includes— (i) any direct or indirect transfer of any funds or any asset; and (ii) any segregation of any funds or assets for the purpose of making, or pursuant t

The term “payment acres” means 85 percent of the base acres of a covered commodity on a farm, as established under section 7911 of this title , on which direct payments and counter

The term "payment amount benchmark period" means the period beginning January 1, 2021, and ending in the month immediately prior to October 1, 2021.

The term “payment amount benchmark quarter” means the calendar quarter beginning July 1, 2021.

The term “payment bond” means a bond conditioned upon the payment by the principal of money to persons under contract with him.

The term “payment calculation base” means, for any calendar year— (i) in connection with a title II disability beneficiary, the average disability insurance benefit payable under s

The term “payment card” means any card which is issued pursuant to an agreement or arrangement which provides for— (A) one or more issuers of such cards, (B) a network of persons u

The term “payment card network” means an entity that directly, or through licensed members, processors, or agents, provides the proprietary services, infrastructure, and software t

The term “payment card transaction” means any transaction in which a payment card is accepted as payment.

“payment certifying agency” means any agency that has transmitted a voucher to a disbursing official for disbursement.

The term “payment, clearing, or settlement activity” means an activity carried out by 1 or more financial institutions to facilitate the completion of financial transactions, but s

The term “payment date” means the date on which the payment is made or received.

In this paragraph, the term “payment error rate” has the meaning given the term in section 2025(c)(2) of this title . / the term “payment error rate” means the sum of the point est

The term “payment for an ineligible good or service” includes a payment for any good or service that is rejected under any provision of any contract, grant, lease, cooperative agre

The term “payment instrument” means a check, draft, warrant, money order, traveler's check, electronic instrument, or other instrument, payment of funds, or monetary value (other t

"payment law" means— (A) the Act of June 20, 1910 (ch. 310, 36 Stat. 557); (B) section 33 of the Bankhead-Jones Farm Tenant Act (7 U.S.C. 1012); (C) the Act of May 23, 19

The term “payment or other transfer of value” means a transfer of anything of value. Such term does not include a transfer of anything of value that is made indirectly to a covered

“payment period” means each 1-year period beginning on October 1 of the years 1994 through 2000;

The term “payment settlement entity” means— (A) in the case of a payment card transaction, the merchant acquiring entity, and (B) in the case of a third party network transaction,

The term “payment stablecoin”— (A) means a digital asset— (i) that is, or is designed to be, used as a means of payment or settlement; and (ii) the issuer of which— (I) is obligate

The term “payments to be received” includes— (A) the aggregate amount of all payments which are not contingent as to amount, and (B) the fair market value of any payments which are

The term “payments with respect to securities loans” includes all amounts received in respect of a security (as defined in section 1236(c)) transferred by the owner to another pers

For purposes of this subsection, the term “payment unit” means a discharge.

For purposes of this paragraph, paragraph (4), and paragraph (5), the terms “certified EHR technology”, “eligible hospital”, “EHR reporting period”, and “payment year” have the mea

The term “payment yield” means the yield established under section 7912 of this title for a farm for a covered commodity. / The term “payment yield” means the yield assigned to a f

The term “payor” means, with respect to any reportable payment, a person required to file a return described in paragraph (2) or (3) of subsection (b) with respect to such payment.

The term “pay-per-call services” has the meaning provided in section 228(i) of title 47, except that the Commission by rule may, notwithstanding subparagraphs (B) and (C) of sectio

For purposes of this chapter, if the services performed during one-half or more of any pay period by an employee for the person employing him constitute employment, all the service

As used in this section, the term "payphone service" means the provision of public or semi-public pay telephones, the provision of inmate telephone service and advanced c

The term "payroll administrator" means— (i) in the case of an individual who is a Member of the House of Representatives, the Chief Administrative Officer of the House of

the term “payroll costs”— (I) means— (aa) the sum of payments of any compensation with respect to employees that is a— (AA) salary, wage, commission, or similar compensation; (BB)

The term "payroll data provider" means payroll providers, wage verification companies, and other commercial or non-commercial entities that collect and maintain data rega

For purposes of this chapter, the term "payroll period" means a period for which a payment of wages is ordinarily made to the employee by his employer, and the term &quot

The term “payroll taxes” means— (i) amounts required to be withheld from the employees of the tax-exempt eligible small employer under section 3401(a), (ii) amounts required to be

The term “pay status participant” means, with respect to a plan, a participant receiving retirement benefits under the plan. / The term “pay status participant” means, with respect

Subject to the authority of the Secretary, the Chief Operating Officer of a PBO may exercise the authority of the Secretary to procure property and services in the performance of f

For purposes of this paragraph, the term “PCLP loan” means any loan guaranteed under this section.

The term "PDMP" means a prescription drug monitoring program that is State-controlled.

For purposes of this part, the term “PDP approved bid” means, with respect to a prescription drug plan, the bid amount approved for the plan under this part. / The term "PDP a

The term "PDP region" means such a region as provided under section 1395w–111(a)(2) of this title.

The term “PDP sponsor” means a nongovernmental entity that is certified under this part as meeting the requirements and standards of this part for such a sponsor.

the term “Peaceful Nuclear Explosions Treaty” means the Treaty Between the United States of America and the Union of Soviet Socialist Republics on Underground Nuclear Explosions fo

The term “peacekeeping force” includes those personnel assigned to a force engaged in a peacekeeping operation authorized by the United Nations Security Council.

The term “peakload powerplant” means a powerplant the electrical generation of which in kilowatt hours does not exceed, for any 12-calendar-month period, such powerplant’s design c