Terms Used In CFR > Title 7 > Subtitle B > Chapter I > Subchapter C > Part 58 > Subpart A > Miscellaneous

• 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}
• Contract: A legal written agreement that becomes binding when signed.
• Dismissal: The dropping of a case by the judge without further consideration or hearing. ^Source:
• Settlement: Parties to a lawsuit resolve their difference without having a trial. Settlements often involve the payment of compensation by one party in satisfaction of the other party's claims.
• Trial: A hearing that takes place when the defendant pleads "not guilty" and witnesses are required to come to court to give evidence.