Terms Used In CFR > Title 31 > Subtitle B > Chapter II > Subchapter A > Part 306 > Subpart I - Assignments by or in Behalf of Trustees and Similar Fiduciaries

• Deed: The legal instrument used to transfer title in real property from one person to another.
• Entitlement: A Federal program or provision of law that requires payments to any person or unit of government that meets the eligibility criteria established by law. Entitlements constitute a binding obligation on the part of the Federal Government, and eligible recipients have legal recourse if the obligation is not fulfilled. Social Security and veterans' compensation and pensions are examples of entitlement programs.
• Evidence: Information presented in testimony or in documents that is used to persuade the fact finder (judge or jury) to decide the case for one side or the other.
• Fiduciary: A trustee, executor, or administrator.
• Life estate: A property interest limited in duration to the life of the individual holding the interest (life tenant).
• 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.
• Remainderman: One entitled to the remainder of an estate after a particular reserved right or interest, such as a life tenancy, has expired.
• Statute: A law passed by a legislature.