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Contracts

The writing or instrument, which evidences the understanding and intention between two or more parties with respect to their rights, duties, obligations, or performances. It shall be given its broadest definition as the term is customarily used, and it shall include, without limitation, contracts, sales and purchase agreements, lease agreements, agreements with other governmental entities or political subdivisions, or any other agreements. For purposes of this Code, “Agreement” shall be synonymous with the term “Contract,” but it shall not apply to settlement agreements, which are specifically addressed in Cuyahoga County Code Chapter 109.

Purchases

The acquisition of land or other property by means other than inheritance. acquisition by means of effort, labor, etc.: the purchase of comfort at the price of freedom. a lever, pulley, or other device that provides mechanical advantage or power for moving or raising a heavy object.

Loans

A loan is the lending of money by one or more individuals, organizations, or other entities to other individuals, organizations etc. The recipient (i.e. the borrower) incurs a debt, and is usually liable to pay interest on that debt until it is repaid, and also to repay the principal amount borrowed.

Grants

Grants are non-repayable funds or products disbursed or given by one party (grant makers), often a government department, corporation, foundation or trust, to a recipient, often (but not always) a nonprofit entity, educational institution, business or an individual.