§ 342.1. Definition of words and terms used in this part.
50 words·~1 min read·
/us/cfr/t31/s§ 342.1·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
(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.