Applicable Credits. a. Applicable credits refer to those receipts or reduction of ex- penditure-type transactions which offset or reduce expense items allocable to grants as direct or indirect costs. Examples of such transactions are: purchase discounts; rebates or allowances; recoveries or indemnities on losses; sale of publications, equipment, and scrap; income from personal or incidental services; and adjustments of overpayments or erroneous charges.
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Samples: www.govinfo.gov, www.govinfo.gov, www.govinfo.gov
