48 CFR § 217.7001 - 217.7001 Definitions.

---
identifier: "/us/cfr/t48/s217.7001"
source: "ecfr"
legal_status: "authoritative_unofficial"
title: "48 CFR § 217.7001 - 217.7001   Definitions."
title_number: 48
title_name: "Federal Acquisition Regulations System"
section_number: "217.7001"
section_name: "217.7001   Definitions."
chapter_number: 2
chapter_name: "DEFENSE ACQUISITION REGULATIONS SYSTEM, DEPARTMENT OF DEFENSE"
subchapter_number: "C"
subchapter_name: "CONTRACTING METHODS AND CONTRACT TYPES"
part_number: "217"
part_name: "SPECIAL CONTRACTING METHODS"
positive_law: false
currency: "2026-03-24"
last_updated: "2026-03-24"
format_version: "1.1.0"
generator: "[email protected]"
authority: "41 U.S.C. 1303 and 48 CFR chapter 1."
regulatory_source: "56 FR 36345, July 31, 1991, unless otherwise noted."
cfr_part: "217"
---


# 217.7001 217.7001   Definitions.

As used in this subpart—

(a) *Exchange (trade-in) property* means property which—

(1) Is not excess but is eligible for replacement (because of obsolescence, unserviceability, or other reason); and

(2) Is applied as whole or partial payment toward the acquisition of similar items (i.e., items designed and constructed for the same purpose).

(b) *Property* means items that fall within one of the generic categories listed in DoD Manual 4140.01, Volume 9, DoD Supply Chain Materiel Management Procedures: Materiel Programs.

[56 FR 36345, July 31, 1991, as amended at 65 FR 39705, June 27, 2000; 77 FR 23631, Apr. 20, 2012; 82 FR 61480, Dec. 28, 2017]