Federal Borrowings Program Glossary of Terms & Acronyms
Centralized Accounting and Reporting System (CARS) - A Fiscal Service web-based enterprise system that allows users to input transactions and view vital accounting information using a standard web browser, such as Netscape or Microsoft Internet Explorer.
Cohort - All direct loans and loan guarantees of a program for which a subsidy appropriation is provided for a given fiscal year. For direct loans and loan guarantees for which multi-year or no-year appropriations are provided, the cohort is defined by the year of obligation.
Direct Loan - A disbursement of funds by a federal agency to a non-federal borrower under a contract that requires repayment of such funds with or without interest.
Intragovernmental Fiduciary Confirmation System (IFCS) - The internet-based system used to confirm and reconcile transactions between federal agencies.
Intra-Governmental Payment and Collection System (IPAC) - The standardized interagency fund transfer mechanism for Federal Program Agencies (FPA). IPAC facilitates the intra-governmental transfer of funds, with descriptive data from one FPA to another.
Loan Guarantee - Any guarantee, insurance, or other pledge for the payment of all or part of the principal or interest on any debt obligation of a non-federal borrower to a non-federal lender, except for the insurance of deposits, shares, or other withdrawable accounts in financial institutions.
Sub-Cohort - A further breakdown of the Cohort by project, program, customer or risk category.
Sub-Cohort Identifier - Six alphanumeric characters used to identify the Sub-Cohort in the Centralized Accounting and Reporting System (CARS).
BPD – Former Bureau of the Public Debt, Department of the Treasury, now consolidated into the Bureau of the Fiscal Service
FBB – Federal Borrowings Branch
FMS – Former Financial Management Service, Department of the Treasury, now consolidated into the Bureau of the Fiscal Service
IFCS – Intragovernmental Fiduciary Confirmation System
IPAC – Intra–Governmental Payment and Collection System
FCRA – Federal Credit Reform Act of 1990
CARS – Centralized Accounting and Reporting System
OMB – Office of Management and Budget