California Codes > Probate Code > Division 5 > Part 4 > Chapter 1 > Article 1 – Preliminary Provisions
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Terms Used In California Codes > Probate Code > Division 5 > Part 4 > Chapter 1 > Article 1 - Preliminary Provisions
- Contract: A legal written agreement that becomes binding when signed.
- Deed: The legal instrument used to transfer title in real property from one person to another.
- Instrument: means a will, a document establishing or modifying a trust, a deed, or any other writing that designates a beneficiary or makes a donative transfer of property. See California Probate Code 45
- Property: means anything that may be the subject of ownership and includes both real and personal property and any interest therein. See California Probate Code 62
- Rescission: The cancellation of budget authority previously provided by Congress. The Impoundment Control Act of 1974 specifies that the President may propose to Congress that funds be rescinded. If both Houses have not approved a rescission proposal (by passing legislation) within 45 days of continuous session, any funds being withheld must be made available for obligation.
- Statute: A law passed by a legislature.
- Transferor: means the testator, settlor, grantor, owner, or other person who executes an instrument. See California Probate Code 81