ACH
Automated Clearing House (Utilized by Treasury Department to wire payments)

Cooperative Agreement
An agreement in which the Federal Government provides funding or a thing of value authorized by public statute and the government plays a substantial role.

Cost Sharing
That portion of a project or program costs not borne by the Federal Government.

Grant
Agreement in which the Federal Government provides funding or a thing of value to support a public purpose authorized by public statute. The Government is not the recipient of the good or service and does not play a substantial role.

NICRA
Negotiated Indirect Cost Rate Agreement
A method of charging costs which can not be directly identified.

Prior approval
Written approval by an authorized official evidencing prior consent.

SF-269
Standard Form 269—used to prepare financial reports for a grant or cooperative agreement.

SF-270
Standard Form 270—used to request advances or reimbursements for a grant or cooperative agreement.

Subaward
An award of financial assistance in the form of money, or property in lieu of money, made under an award by a recipient to an eligible subrecipient or by a subrecipient to a lower tier subrecipient. The term includes financial assistance when provided by any legal agreement, even if the agreement is called a contract, but does not include procurement of goods and services nor does it include any form of assistance which is excluded from the definition of award.

Subrecipient
A legal entity to which a subaward is made and which is accountable to the recipient for the use of the funds provided.