CFR > Title 42 > Chapter IV > Subchapter B > Part 425 > Subpart C – Application Procedures and Participation Agreement
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Terms Used In CFR > Title 42 > Chapter IV > Subchapter B > Part 425 > Subpart C - Application Procedures and Participation Agreement
- Beneficiary: A person who is entitled to receive the benefits or proceeds of a will, trust, insurance policy, retirement plan, annuity, or other contract. Source: OCC
- Escrow: Money given to a third party to be held for payment until certain conditions are met.
- 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.
- Partnership: A voluntary contract between two or more persons to pool some or all of their assets into a business, with the agreement that there will be a proportional sharing of profits and losses.
- Statute: A law passed by a legislature.