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FAR and DFARS › DFARS Part 217: Special Contracting Methods › Subpart 217.70

DFARS 217.7001 Definitions.

The codified text (eCFR, as of 2026-10-02). Under the Revolutionary FAR Overhaul ↗, agencies follow class deviations with new text for many parts while the formal rules go through the Federal Register: check the solicitation and your contract's clauses, which rule.

In plain English

This section defines two terms used in the DFARS subpart on exchange (trade-in) property. It explains what counts as exchange property and what 'property' means for this subpart. Contractors should know these definitions because they determine when trade-in treatment applies.

Applies to: The DFARS subpart on exchange (trade-in) property

Key terms: Exchange (trade-in) property · Property · excess · eligible for replacement · DoD Manual 4140.01, Volume 9

Written by AI from this section's text. A guide, not legal advice: the text below rules.

The text

As used in this subpart—

(a) Exchange (trade-in) property means property which—

(1) Is not excess but is eligible for replacement (because of obsolescence, unserviceability, or other reason); and

(2) Is applied as whole or partial payment toward the acquisition of similar items (i.e., items designed and constructed for the same purpose).

(b) Property means items that fall within one of the generic categories listed in DoD Manual 4140.01, Volume 9, DoD Supply Chain Materiel Management Procedures: Materiel Programs.

← 217.7000 Scope of subpart. · 217.7002 Policy. →

Rule changes for DFARS Part 217

Source: eCFR, 48 CFR chapters 1 and 2 (GPO GovInfo bulk data) ↗. Plain words for the terms: glossary.

DFARS 217.7001 Definitions · SpendQuery