FAA - 14 CFR PART 241
UNIFORM SYSTEM OF ACCOUNTS AND REPORTS FOR LARGE CERTIFICATED AIR CARRIERS
| Organization: | FAA |
| Publication Date: | 1 January 2013 |
| Status: | inactive |
| Page Count: | 86 |
scope:
Definitions for Purposes of This System of Accounts and Reports
Account, clearing. An account used as a medium for the temporary accumulation of costs that are redistributed to appropriate applicable accounts.
Acquisition, date of. The date on which the title to owned property or equipment (or the right to use or control the reassignment of leased property or equipment) passes to the air carrier.
Act. The Federal Aviation Act of 1958, as amended.
Addition, property. Additional equipment, land, structures, and other tangible property; extensions of fuel, water, and oil distribution equipment; additions to buildings and other structures; and additional safety devices applied to equipment not previously thus equipped. (See also Modification.)
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