New York Laws > General Obligations > Article 5 > Title 6 – Interest On Certain Deposits
Current as of: 2024 | Check for updates
|
Other versions
| § 5-601 | Interest on deposits in escrow with mortgage investing institutions |
| § 5-602 | Interest on insurance draft deposits in escrow with mortgage investing institutions |
Terms Used In New York Laws > General Obligations > Article 5 > Title 6 - Interest On Certain Deposits
- 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.
- Damages: Money paid by defendants to successful plaintiffs in civil cases to compensate the plaintiffs for their injuries.
- Escrow: Money given to a third party to be held for payment until certain conditions are met.
- Fiduciary: A trustee, executor, or administrator.
- Lien: A claim against real or personal property in satisfaction of a debt.
- Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
- Trustee: A person or institution holding and administering property in trust.