Terms Used In California Codes > Business and Professions Code > Division 1 > Chapter 4 > Article 2 - Director and Employees

• Annuity: A periodic (usually annual) payment of a fixed sum of money for either the life of the recipient or for a fixed number of years. A series of payments under a contract from an insurance company, a trust company, or an individual. Annuity payments are made at regular intervals over a period of more than one full year.
• board: means any entity listed in Section 101, the entities referred to in Sections 1000 and 3600, the State Bar, the Department of Real Estate, and any other state agency that issues a license, certificate, or registration authorizing a person to engage in a business or profession. See California Business and Professions Code 31
• Consumer: means any individual who seeks or acquires, by purchase or lease, any goods, services, money, or credit for personal, family, or household purposes. See California Business and Professions Code 302
• County: includes "city and county. See California Welfare and Institutions Code 14
• Department: means the Department of Consumer Affairs. See California Business and Professions Code 302
• Director: means the Director of the Department of Consumer Affairs. See California Business and Professions Code 302
• Division: means the Division of Consumer Services. See California Business and Professions Code 302
• Embezzlement: In most states, embezzlement is defined as theft/larceny of assets (money or property) by a person in a position of trust or responsibility over those assets. Embezzlement typically occurs in the employment and corporate settings. ^{Source: OCC}
• Probate: Proving a will
• State: means the State of California, unless applied to the different parts of the United States. See California Business and Professions Code 21