en

forfeited security

1

Terminological databases

EKI terminibaas Esterm

ID 704961 Last modified 30.12.2004
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Domain accountancy & commercial arithmeticsAgriculture - Food Industry - Livestock Industry - Fisheries
forfeited security
Usage examples
  • 1. Any security referred to in Article 1 which is forfeited shall be used in its entirety by the paying authorities or bodies in the Member States to reduce EAGGF expenditure. .. However, any security which is forfeited in respect of food-aid operations shall be used by the paying authorities or bodies in the Member States to reduce the food-aid expenditure concerned.
  • 2. The amount of the security referred to in paragraphs 1 and 2 shall be regarded as a forfeited security within the meaning of Article 2 of Council Regulation (EEC) No 352/78 (21).

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