Illinois Compiled Statutes > 625 ILCS 7 – Automated Traffic Control Systems in Highway Construction or Maintenance Zones Act
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Terms Used In Illinois Compiled Statutes > 625 ILCS 7 - Automated Traffic Control Systems in Highway Construction or Maintenance Zones Act
- Affidavit: A written statement of facts confirmed by the oath of the party making it, before a notary or officer having authority to administer oaths.
- Defendant: In a civil suit, the person complained against; in a criminal case, the person accused of the crime.
- Fair market value: The price at which an asset would change hands in a transaction between a willing, informed buyer and a willing, informed seller.
- Fee simple: Absolute title to property with no limitations or restrictions regarding the person who may inherit it.
- Foreclosure: A legal process in which property that is collateral or security for a loan may be sold to help repay the loan when the loan is in default. Source: OCC
- Testimony: Evidence presented orally by witnesses during trials or before grand juries.