Terms Used In California Codes > Revenue and Taxation Code > Division 2 > Part 8 > Chapter 5 > Article 1 - Generally

• Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
• Controller: means the State Controller. See California Revenue and Taxation Code 21
• Decedent: A deceased person.
• Interest rate: The amount paid by a borrower to a lender in exchange for the use of the lender's money for a certain period of time. Interest is paid on loans or on debt instruments, such as notes or bonds, either at regular intervals or as part of a lump sum payment when the issue matures. ^{Source: OCC}