---
kind: "section"
citation: "31 C.F.R. § 342.1"
title: "31"
number: "342.1"
heading: "Definition of words and terms used in this part."
url: "https://uscodex.org/cfr/31/342.1"
---

# §342.1. Definition of words and terms used in this part.

- (a) **Payroll savings plan—** refers to a voluntary program maintained by an employer whereby its participating officers and employees authorize regular withholdings from their salaries or wages for the purchase of savings bonds.
- (b) **Quarter—** refers to a 3-month period of a year, as follows: January-February-March, April-May-June, July-August-September, or October-November-December.

## Notes

### Authority

Authority: 31 U.S.C. 3103, 5 U.S.C. 301.

### Source

Source: 57 FR 14282, Apr. 17, 1992, unless otherwise noted.