Terms Used In Alabama Code > Title 5 > Chapter 18A
- Affirmed: In the practice of the appellate courts, the decree or order is declared valid and will stand as rendered in the lower court.
- Appellate: About appeals; an appellate court has the power to review the judgement of another lower court or tribunal.
- Bequest: Property gifted by will.
- check: A debit authorization or a check signed by the maker and made payable to a person licensed under this chapter. See Alabama Code 5-18A-2
- CONTINUOUS TRANSACTION: To extend a deferred presentment transaction with the same account without redemption in full with cash or guaranteed funds. See Alabama Code 5-18A-2
- DEFERRED PRESENTMENT SERVICES: A transaction pursuant to a written agreement involving the following combination of activities in exchange for a fee:
a. See Alabama Code 5-18A-2
- department: The State Banking Department. See Alabama Code 5-18A-2
- Forgery: The fraudulent signing or alteration of another's name to an instrument such as a deed, mortgage, or check. The intent of the forgery is to deceive or defraud. Source: OCC
- Grace period: The number of days you'll have to pay your bill for purchases in full without triggering a finance charge. Source: Federal Reserve
- Indictment: The formal charge issued by a grand jury stating that there is enough evidence that the defendant committed the crime to justify having a trial; it is used primarily for felonies.
- licensee: A person licensed to provide deferred presentment services pursuant to this chapter. See Alabama Code 5-18A-2
- person: An individual, group of individuals, partnership, association, corporation, or any other business unit or legal entity. See Alabama Code 5-18A-2
- Probable cause: A reasonable ground for belief that the offender violated a specific law.
- rollover: Any deferred presentment transaction where the transaction is not paid in full and the licensee agrees to allow the customer to pay the fee only for a new deferred presentment transaction. See Alabama Code 5-18A-2
- supervisor: The Supervisor of the Bureau of Loans or his or her designee. See Alabama Code 5-18A-2
- Testify: Answer questions in court.
- Transcript: A written, word-for-word record of what was said, either in a proceeding such as a trial or during some other conversation, as in a transcript of a hearing or oral deposition.