Definitions.

As used in this part— Authorized individual means a person who has been granted authority, in accordance with agency procedures, to acquire supplies and services in accordance with this part. Governmentwide commercial purchase card means a purchase card, similar in nature to a commercial credit card, issued to authorized agency personnel to use to acquire and to pay for supplies and services. Imprest fund means a cash fund of a fixed amount established by an advance of funds, without charge to an appropriation, from an agency finance or disbursing officer to a duly appointed cashier, for disbursement as needed from time to time in making payment in cash for relatively small amounts. Third party draft means an agency bank draft, similar to a check, that is used to acquire and to pay for supplies and services. (See Treasury Financial Management Manual, Section 3040.70.) [62 FR 64917, Dec. 9, 1997, as amended at 66 FR 2128, Jan. 10, 2001]