GOVERNMENT-CONTRACTOR DEFENSE

government-contractor defense.An affirmative defense that immunizes a government contractor from civil liability under state law when the contractor complies with government specifications. • Immunization is extended when two conditions are satisfied: (1) the supplier warned the government about any dangers presented by the goods about which the supplier had knowledge but the government did not,…

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GOVERNMENT BOND

government bond.See savings bond under BOND(3); government security under SECURITY. [Blacks Law 8th]

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GOVERNMENT-ANNUITY SOCIETY

government-annuity society.Hist. One of several organizations formed in England to enable the working class to provide for themselves by purchasing, on advantageous terms, a government annuity for life or for a term of years. [Blacks Law 8th]

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GOVERNMENTAL UNIT

governmental unit.A subdivision, agency, department, county, parish, municipality, or other unit of the gov-ernment of a country or a state. • The term includes an organization with a separate corporate existence only if the organization can legally issue debt obligations on which interest is exempt from income taxation under national law. UCC § 9-102(a)(45). [Cases:…

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