Terms Used In California Codes > Financial Code > Division 2 > Chapter 6 > Article 6 - Real Estate Loans

• Amortization: Paying off a loan by regular installments.
• Annuity: A periodic (usually annual) payment of a fixed sum of money for either the life of the recipient or for a fixed number of years. A series of payments under a contract from an insurance company, a trust company, or an individual. Annuity payments are made at regular intervals over a period of more than one full year.
• Appraisal: A determination of property value.
• Arrest: Taking physical custody of a person by lawful authority.
• Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
• Coach: means a person appointed by a youth sports organization to supervise or instruct a participant in the sport of youth tackle football. See California Health and Safety Code 124240
• Contract: A legal written agreement that becomes binding when signed.
• Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
• County: includes city and county. See California Health and Safety Code 14
• Deed: The legal instrument used to transfer title in real property from one person to another.
• Full-contact practice: means a session where one or more drills or live action is conducted that involves contact at game speed, as in an actual tackle football game or scrimmage. See California Health and Safety Code 124240
• Guardian: A person legally empowered and charged with the duty of taking care of and managing the property of another person who because of age, intellect, or health, is incapable of managing his (her) own affairs.
• Heat-related illness: includes , but is not necessarily limited to, heat cramps, heat syncope, heat exhaustion, and exertional heat stroke. See California Health and Safety Code 124240
• Interest rate: The amount paid by a borrower to a lender in exchange for the use of the lender's money for a certain period of time. Interest is paid on loans or on debt instruments, such as notes or bonds, either at regular intervals or as part of a lump sum payment when the issue matures. ^{Source: OCC}
• Licensed healthcare provider: means either of the following:

  California Health and Safety Code 124235

• Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
• Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.
• Off-season: means a period extending from the end of the regular season until 30 days before the commencement of the next regular season. See California Health and Safety Code 124240
• Person: means any person, firm, association, organization, partnership, business trust, corporation, limited liability company, or company. See California Health and Safety Code 19
• Person: includes any person, firm, partnership, association, corporation, company, limited liability company, syndicate, estate, trust, business trust, or organization of any kind. See California Financial Code 18
• Play: includes participation in a youth tackle football game, scrimmage, or practice. See California Health and Safety Code 124240
• Preseason: means a period of 30 days before the commencement of the regular season. See California Health and Safety Code 124240
• Real property: Land, and all immovable fixtures erected on, growing on, or affixed to the land.
• Regular season: means the period from the first league football game or scrimmage until the completion of the final football game of that season. See California Health and Safety Code 124240
• Remainder: An interest in property that takes effect in the future at a specified time or after the occurrence of some event, such as the death of a life tenant.
• Safety equipment: includes , but is not necessarily limited to, all of the following:

  California Health and Safety Code 124240

• Youth sports organization: means an organization, business, nonprofit entity, or a local governmental agency that sponsors or conducts amateur sports competitions, training, camps, or clubs in which persons 17 years of age or younger participate. See California Health and Safety Code 124235
• Youth sports organization: means an organization, business, or nonprofit entity that sponsors or conducts amateur sports competition, training, camps, clinics, practices, or clubs. See California Health and Safety Code 124240
• Youth tackle football league: means the organization that groups together youth sports organizations that conduct youth tackle football, administers rules, and sets game schedules. See California Health and Safety Code 124240