Translation glossary

A tax is irrecoverable if you have to remit the full amount you've collected regardless of what you may have paid (in the same tax).

An irregularity is an amount of expenditure found ineligible after it was reimbursed to a programme by EC. Consequently, it must be paid back to the Commission.

A Joint Secretariat is the body responsible for the day-to-day implementation of the programme. It is usually specialised in all communication ‘down’ to the project level and in processing the reporting information received from the projects.

A lead partner is the project partner who takes the overall responsibility for the development and the implementation of a project. Each Lead Partner is expected to conclude the Partnership Agreement (with its project partners) and the Subsidy Contract (with the Managing Authority), ensure a sound cross-border/transnational project management as well as the project implementation, and transfer the due ERDF contributions to the single partners. (HIT)

Leasing is when the owner (the lessor) of a specific asset (such as a parcel of land, building, equipment, or machinery) grants a second party (the lessee) the right to its exclusive possession and use for a specific period and under specified conditions, in return for specified periodic rental or lease payments.