Terms Used In Alabama Code > Title 34 > Chapter 14 - Hearing Instrument Dealers and Fitters

• Adjourn: A motion to adjourn a legislative chamber or a committee, if passed, ends that day's session.
• AFFILIATED TRUST INSTITUTION: A trust institution which, together with one or more other trust institutions, are each owned or controlled by a bank holding company which is under the supervision of the Board of Governors of the Federal Reserve System. See Alabama Code 5-12A-1
• Amortization: Paying off a loan by regular installments.
• commissioner: The Commissioner of Agriculture and Industries. See Alabama Code 2-1-1
• COMMON TRUST FUND: A fund established, maintained and administered pursuant to the requirements of this chapter by a trust institution exclusively for the collective investment and reinvestment of moneys contributed thereto by such trust institution in its capacity as a fiduciary or cofiduciary or by an affiliated trust institution in its capacity as a fiduciary or cofiduciary. See Alabama Code 5-12A-1
• cooperative: A cooperative marketing association for marketing of farm products. See Alabama Code 2-1-1
• corporation: Any corporation organized pursuant to the provisions of this article. See Alabama Code 11-20-30
• county: Any county in this state with respect to which a corporation may be organized. See Alabama Code 11-20-30
• ESTATE OR ESTATES: Such term shall include any trust, estate or fund administered by a trust institution in a fiduciary capacity. See Alabama Code 5-12A-1
• fiduciary: Any trust institution or person acting in the capacity of executor, administrator, administrator with the will annexed, administrator de bonis non, guardian, testamentary trustee, trustee appointed by any court and trustee, agent or custodian under any written agreement, declaration or instrument of trust, either solely or together with others. See Alabama Code 5-12A-1
• Foreclosure: A legal process in which property that is collateral or security for a loan may be sold to help repay the loan when the loan is in default. ^{Source: OCC}
• GOVERNING BODY: The county commission in which the legislative powers of the county are vested. See Alabama Code 11-20-1
• GOVERNING BODY: The commission of the county. See Alabama Code 11-20-30
• Guarantor: A party who agrees to be responsible for the payment of another party's debts should that party default. ^{Source: OCC}
• Impeachment: (1) The process of calling something into question, as in "impeaching the testimony of a witness." (2) The constitutional process whereby the House of Representatives may "impeach" (accuse of misconduct) high officers of the federal government for trial in the Senate.
• mortgage: A mortgage or a mortgage and deed of trust. See Alabama Code 11-20-1
• mortgage: A mortgage or a mortgage and deed of trust or a trust indenture. See Alabama Code 11-20-30
• OWNED OR CONTROLLED: The ownership by a bank holding company of stock possessions of at least 80 percent of the voting power of all classes of stock and at least 80 percent of each class of the nonvoting stock (other than nonvoting stock which is limited and preferred as to dividends) of the trust institution. See Alabama Code 5-12A-1
• participant: Any trust, estate or fund administered by a trust institution in a fiduciary capacity having a "participation. See Alabama Code 5-12A-1
• participation: The interest of a participating trust in the common trust fund. See Alabama Code 5-12A-1
• person: An individual, a partnership, a corporation or two or more individuals having a joint or common interest. See Alabama Code 2-1-1
• project: Any land and any building or other improvement thereon and all real and personal properties deemed necessary in connection therewith, whether or not now in existence, which shall be suitable for use by the following or by any combination of two or more thereof:

  a. See Alabama Code 11-20-1

• project: Any land and any building or other improvement thereon and all real and personal properties deemed necessary in connection therewith, whether or not now in existence, which shall be suitable for use by the following or by any combination of two or more thereof:

  a. See Alabama Code 11-20-30

• Remand: When an appellate court sends a case back to a lower court for further proceedings.
• SECURITY OR SECURITIES: Such term shall include all types of property in which the trust institution is authorized to invest the assets of the common trust fund. See Alabama Code 5-12A-1
• TRUST INSTITUTION: Any state bank, any national bank or any trust company authorized to act in a fiduciary capacity in this state and under the supervision of the Comptroller of the Currency of the United States or the Federal Reserve System, or the Superintendent of Banks of the State of Alabama. See Alabama Code 5-12A-1
• Uniform Commercial Code: A set of statutes enacted by the various states to provide consistency among the states' commercial laws. It includes negotiable instruments, sales, stock transfers, trust and warehouse receipts, and bills of lading. ^{Source: OCC}
• Usury: Charging an illegally high interest rate on a loan. ^{Source: OCC}
• Verdict: The decision of a petit jury or a judge.