California Codes > Financial Code > Division 1.1 > Chapter 16 > Article 4 – Investments
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Terms Used In California Codes > Financial Code > Division 1.1 > Chapter 16 > Article 4 - Investments
- 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
- 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.
- Deed: The legal instrument used to transfer title in real property from one person to another.
- department: means State Department of Health Services. See California Health and Safety Code 20
- Fiduciary: A trustee, executor, or administrator.
- 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
- 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
- Lien: A claim against real or personal property in satisfaction of a debt.
- Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
- National Bank: A bank that is subject to the supervision of the Comptroller of the Currency. The Office of the Comptroller of the Currency is a bureau of the U.S. Treasury Department. A national bank can be recognized because it must have "national" or "national association" in its name. Source: OCC
- Person: includes any person, firm, partnership, association, corporation, company, limited liability company, syndicate, estate, trust, business trust, or organization of any kind. See California Financial Code 18
- Probate: Proving a will
- State: means the State of California, unless applied to the different parts of the United States. See California Health and Safety Code 23
- Statute: A law passed by a legislature.
- Trustee: A person or institution holding and administering property in trust.
- Writing: includes any form of recorded message capable of comprehension by ordinary visual means. See California Financial Code 8