California Codes > Military and Veterans Code > Division 4 > Chapter 7 > Article 2 – Authorization and Issuance of Debentures
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Terms Used In California Codes > Military and Veterans Code > Division 4 > Chapter 7 > Article 2 - Authorization and Issuance of Debentures
- County: includes city and county. See California Public Utilities Code 18
- department: means the Department of Veterans Affairs. See California Military and Veterans Code 690
- Dependent: A person dependent for support upon another.
- Lien: A claim against real or personal property in satisfaction of a debt.
- 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.
- Recourse: An arrangement in which a bank retains, in form or in substance, any credit risk directly or indirectly associated with an asset it has sold (in accordance with generally accepted accounting principles) that exceeds a pro rata share of the bank's claim on the asset. If a bank has no claim on an asset it has sold, then the retention of any credit risk is recourse. Source: FDIC
- Trustee: A person or institution holding and administering property in trust.