Terms Used In CFR > Title 25 > Chapter I > Subchapter H > Part 162 > Subpart E > WEEL Bonding and Insurance

• Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
• Jurisdiction: (1) The legal authority of a court to hear and decide a case. Concurrent jurisdiction exists when two courts have simultaneous responsibility for the same case. (2) The geographic area over which the court has authority to decide cases.
• Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). ^{Source: OCC}