CFR > Title 46 > Chapter IV > Subchapter B > Part 515 > Subpart C – Financial Responsibility Requirements; Claims Against Ocean Transportation Intermediaries
Current as of: 2024 | Check for updates
|
Other versions
Terms Used In CFR > Title 46 > Chapter IV > Subchapter B > Part 515 > Subpart C - Financial Responsibility Requirements; Claims Against Ocean Transportation Intermediaries
- Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
- Complaint: A written statement by the plaintiff stating the wrongs allegedly committed by the defendant.
- 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.
- 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.
- Guarantor: A party who agrees to be responsible for the payment of another party's debts should that party default. Source: OCC
- Service of process: The service of writs or summonses to the appropriate party.