46 CFR § 505.2 - Definitions.
---
identifier: "/us/cfr/t46/s505.2"
source: "ecfr"
legal_status: "authoritative_unofficial"
title: "46 CFR § 505.2 - Definitions."
title_number: 46
title_name: "Shipping"
section_number: "505.2"
section_name: "Definitions."
chapter_name: "FEDERAL MARITIME COMMISSION"
subchapter_number: "A"
subchapter_name: "GENERAL AND ADMINISTRATIVE PROVISIONS"
part_number: "505"
part_name: "ADMINISTRATIVE OFFSET"
positive_law: false
currency: "2026-04-05"
last_updated: "2026-04-05"
format_version: "1.1.0"
generator: "[email protected]"
authority: "31 U.S.C. 3701; 31 U.S.C. 3711; 31 U.S.C. 3716."
regulatory_source: "61 FR 50444, Sept. 26, 1996, unless otherwise noted."
cfr_part: "505"
---
# 505.2 Definitions.
(a) *Administrative offset,* as defined in 31 U.S.C. 3701(a)(1), means withholding money payable by the United States Government to, or held by the Government for, a person to satisfy a debt the person owes the Government.
(b) *Person* includes a natural person or persons, profit or non-profit 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.