Health Center Program Terms and Definitions. of (a) the capitalization level established by the organization for the financial statement. purposes or (b) $5,000. Existing Grantee: An organization currently funded under the Health Center Program, authorized under section 330 of the Public Health Service Act, as amended. Federally Qualified Health Center (FQHC): Per Section 1905(l)(2)(B) of the Social. Security Act (42 USC 1396d), a FQHC means an entity which --.
DEFINITION of 'Foreign Draft'. An alternative to foreign currency. A foreign draft is a bank draft which is drawn on a financial institution in the country of currency. They can be purchased at commercial banks and usually have a fee depending on the institution and the type of account you hold.
1 Foreign Currency Fund Account-Foreign currency fund accounts are established for recording foreign currencies which are acquired without payment of U.S. dollars abroad and which may be expended with or without charge to dollar appropriations. 2  Foreign Exchange-This term is synonymous with the term foreign currency.Click here to download Adobe Acrobat Reader). This chapter covers the Department of the Treasury (Treasury) requirements relating to the accounting for and reporting of foreign currencies acquired by accountable officers without purchase for dollars.