Dictionary of Procurement Terms

Welcome to the NIGP Online Dictionary of Procurement Terms, the comprehensive reference for public purchasing terms and concepts.

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  • FED


    See Also: Federal Reserve System (FED)

  • Federal Acquisition Institute (FAI)

    FAI promotes the development of a professional acquisition workforce. In addition, FAI collects and analyzes acquisition workforce data, coordinates government-wide research and studies to improve the procurement process, and assists agencies with recruitment of qualified candidates for acquisition fields.

  • Federal Acquisition Regulations (FAR)

    The primary document in the Federal Acquisition Regulation System, containing uniform policies and procedures that govern the acquisition activity of all federal agencies. The FAR is prepared, issued, and maintained jointly by the Secretary of Defense, the Administrator of General Services, and the NASA Administrator. (Nash, Schooner, & O’Brien, 1998)

  • Federal Communication Commission (FCC)

    An independent Federal Government agency that regulates interstate and international communications by radio, television, wire, cable, and satellite. It was created by an act of Congress and is independent of the executive departments. (FCC)

  • Federal Deficit

    A shortfall created when the Federal Government spends more in a fiscal year than it receives. (Schiller, 2000)

  • Federal Employer Identification Number (FEIN)

    In government entities, the 9-digit number assigned for purposes of withholding tax; used by many purchasing organizations as a supplier identification number.

    See Also: Employer Identification Number (EIN)

  • Federal Register

    A daily publication available from the Government Printing Office that lists and discusses the regulations of federal agencies, makes the regulations available for public comment before they are made final, and publishes all final rules and regulations. (Office of the Federal Register)

  • Federal Reserve System (FED)

    The central bank and monetary authority of the United States. Established in 1913 and popularly known as “The Fed”, the system divides the United States into 12 Federal Reserve districts, each with its own regional Federal Reserve Bank. (U.S., Federal Reserve, 2015)

  • Federal Standard 1037

    Federal Standard 1037, Glossary of Telecommunication Terms, was initially published in 1980 to provide Federal departments and agencies a comprehensive source of definitions of terms used in telecommunications and directly related fields by international and U.S. Government telecommunications specialists. ITS was tasked to update the standard to revision C and published Federal Standard 1037C in 1996. (NTIA)

  • Federal Supply Service

    The U.S. General Services Administration Federal Supply Service provides federal customers with the products, services, and programs to meet their supply, service, procurement, vehicle purchasing and leasing, travel and transportation, and personal property management requirements.

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