Goods ~ Transaction type: An acquisition classification. Identifying the acquisition of tangible items as goods as opposed to services or information technology goods. Also known as commodities.

Transaction ~ Transaction type: An acquisition's classification. Examples include classifying an acquisition as goods, services, or information technology.

Installment Purchase ~ The purchase of hardware or equipment on an installment plan where a portion of the cost is paid at each of some scheduled period of time. Interest is usually included in the amount paid.

Tx Generational Equity:Vendor ~ An individual, sole proprietorship, firm, partnership, corporation, or any other business venture that responds to an IT Request for Quotations or Request for Proposals.
Consideration ~ The exchange of something of value between the parties to a contract. The consideration may include some right, interest, profit, or benefit obtained by one party, or some forbearance, detriment, loss, or responsibility assumed by the other party. It is one of the key elements required to have a binding contract.(Generational Equity Dallas - Saturday 24 December 2005)

Dallas Generational Equity : Public Works Contract ~ A contract for the erection, construction, alteration, repair, or improvement of any State structure, building, road, or for other State improvement of any kind.

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Indemnification ~ Contractual provision in which one party will compensate the other party for settlements or judgments on claims arising from the contract.(Monday 17 September 2007 : Generational Equity Texas)


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