17 CFR § 204.2 - Definitions.

---
identifier: "/us/cfr/t17/s204.2"
source: "ecfr"
legal_status: "authoritative_unofficial"
title: "17 CFR § 204.2 - Definitions."
title_number: 17
title_name: "Commodity and Securities Exchanges"
section_number: "204.2"
section_name: "Definitions."
chapter_name: "SECURITIES AND EXCHANGE COMMISSION"
part_number: "204"
part_name: "RULES RELATING TO DEBT COLLECTION"
positive_law: false
currency: "2026-04-05"
last_updated: "2026-04-05"
format_version: "1.1.0"
generator: "[email protected]"
cfr_part: "204"
---


# 204.2 Definitions.

(a) *Administrative offset* as defined in 31 U.S.C. 3701(a)(1) means withholding funds payable by the United States (including funds payable by the United States on behalf of a State government) to, or held by the United States for, a person to satisfy a claim.

(b) *Person* includes a natural person or persons, profit or nonprofit corporation, partnership, association, trust, estate, consortium, or other entity which is capable of owing a debt to the United States Government except that agencies of the United States, or of any State or local government shall be excluded.

[58 FR 64370, Dec. 7, 1993, as amended at 66 FR 54130, Oct. 26, 2001]