CFR > Title 49 > Subtitle B > Chapter I > Subchapter A > Part 105 > Subpart A – Definitions
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| § 105.5 | Definitions |
Terms Used In CFR > Title 49 > Subtitle B > Chapter I > Subchapter A > Part 105 > Subpart A - Definitions
- Appeal: A request made after a trial, asking another court (usually the court of appeals) to decide whether the trial was conducted properly. To make such a request is "to appeal" or "to take an appeal." One who appeals is called the appellant.
- 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.
- 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
- Mortgagee: The person to whom property is mortgaged and who has loaned the money.
- Statute: A law passed by a legislature.
- Trustee: A person or institution holding and administering property in trust.