### Question
How is the term contract defined?


### Answer
The term **contract** is defined in *20 U.S.C. § 1145d* as the following:

> any agreement for the acquisition by purchase, lease, or barter of property or services by the foreign source, for the direct benefit or use of either of the parties

#### Citation:
  - *20 U.S.C. § 1145d*
  - Heading: **CHAPTER 27-NATIONAL VOCATIONAL STUDENT LOAN INSURANCE > SUBCHAPTER XII-GENERAL PROVISIONS**

