California Codes > Insurance Code > Division 1 > Part 2 > Chapter 1 > Article 11 – Deposit of Securities
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Terms Used In California Codes > Insurance Code > Division 1 > Part 2 > Chapter 1 > Article 11 - Deposit of Securities
- Appraisal: A determination of property value.
- City: includes city and county. See California Harbors and Navigation Code 15
- Commissioner: means the Insurance Commissioner of this State. See California Insurance Code 20
- Common law: The legal system that originated in England and is now in use in the United States. It is based on judicial decisions rather than legislative action.
- Contract: A legal written agreement that becomes binding when signed.
- 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.
- County: includes city and county. See California Harbors and Navigation Code 14
- Damages: Money paid by defendants to successful plaintiffs in civil cases to compensate the plaintiffs for their injuries.
- Defendant: In a civil suit, the person complained against; in a criminal case, the person accused of the crime.
- Domestic: means organized under the laws of this State, whether or not admitted. See California Insurance Code 26
- Evidence: Information presented in testimony or in documents that is used to persuade the fact finder (judge or jury) to decide the case for one side or the other.
- Foreign: means not organized under the laws of this State, whether or not admitted. See California Insurance Code 27
- Jurisdiction: (1) The legal authority of a court to hear and decide a case. Concurrent jurisdiction exists when two courts have simultaneous responsibility for the same case. (2) The geographic area over which the court has authority to decide cases.
- Liabilities: The aggregate of all debts and other legal obligations of a particular person or legal entity.
- Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.
- Partnership: A voluntary contract between two or more persons to pool some or all of their assets into a business, with the agreement that there will be a proportional sharing of profits and losses.
- Person: means any person, firm, association, organization, partnership, limited liability company, business trust, corporation, or company. See California Harbors and Navigation Code 19
- Personal property: All property that is not real property.
- Plaintiff: The person who files the complaint in a civil lawsuit.
- State: means the State of California, unless applied to the different parts of the United States. See California Harbors and Navigation Code 20
- State: means the State of California, unless applied to the different parts of the United States. See California Insurance Code 28
- Steam vessel: means any vessel which is propelled by machinery. See California Harbors and Navigation Code 22
- Vessel: includes ships of all kinds, steamboats, steamships, canal boats, barges, sailing vessels, and every structure adapted to be navigated from place to place for the transportation of merchandise or persons. See California Harbors and Navigation Code 21