CFR > Title 48 > Chapter 99 > Subchapter B > Part 9903 > Subpart 9903.3 – Cas Rules and Regulations
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Terms Used In CFR > Title 48 > Chapter 99 > Subchapter B > Part 9903 > Subpart 9903.3 - Cas Rules and Regulations
- Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
- 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.
- Interest rate: The amount paid by a borrower to a lender in exchange for the use of the lender's money for a certain period of time. Interest is paid on loans or on debt instruments, such as notes or bonds, either at regular intervals or as part of a lump sum payment when the issue matures. Source: OCC
- 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.