---
kind: "section"
citation: "48 C.F.R. § 217.7001"
title: "48"
number: "217.7001"
heading: "Definitions."
url: "https://uscodex.org/cfr/48/217.7001"
---

# §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.

## Notes

### Amendments

[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]

### Authority

Authority: 41 U.S.C. 1303 and 48 CFR chapter 1.

### Source

Source: 56 FR 36345, July 31, 1991, unless otherwise noted.

### Amendments

[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]