Glossary

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R

Agreements that are issued by the university to collaborating entities with funds that are passed through the institution; that is, the funds are from an internal source such as an ICR account or a gift.

A cost may be considered reasonable if the nature of the goods or services, and the price paid for those goods or services, reflects the action that a prudent person would have taken, given the prevailing circumstances at the time the decision to incur the cost was made.

The transfer of funds from one budget category or line item to another. Each sponsor may have different rules for how to request a rebudget or complete the rebudget process.

A formal statement that solicits grant or cooperative agreement applications in a well-defined scientific area to accomplish specific program objectives.

An announcement notifying the research community of a sponsor’s intention to award a contract to meet a specific need.

Allowable costs that may meet the definition of a direct cost on a project, but is consistently treated by the institution as an indirect cost.