§ 3-111 Salary and bond. Office of Comptroller full time
§ 3-112 Powers and duties
§ 3-112a Substitution of securities for retainages on state contracts and subcontracts
§ 3-113 Deputy Comptroller
§ 3-113a Assistant comptrollers
§ 3-114 Accounting for receipts
§ 3-114a Recording of revenue received after end of fiscal year
§ 3-114b Recording of estimated sales and use tax to be received after close of fiscal year
§ 3-114c Recording of cigarette tax revenue received at end of fiscal year
§ 3-114d Recording of alcoholic beverage tax revenue received at end of fiscal year
§ 3-114e Recording of motor vehicle fuels tax revenue and motor carrier road tax revenue received at end of fiscal year
§ 3-114f Recording of utility company tax revenue and petroleum products gross earnings tax revenue received at end of fiscal year
§ 3-114g Recording of corporation business tax and affected business entity tax revenue received at end of fiscal year
§ 3-114h Recording of income tax revenue received at end of fiscal year
§ 3-114i Recording of hospital taxes received each year by letter postmarked in July
§ 3-114j Recording of payments from Indian tribes received each year in July
§ 3-114k Recording of revenue for the fiscal year ending June 30, 1995
§ 3-114l Recording of payments from the Energy Conservation and Load Management Funds
§ 3-114m Recording of real estate conveyance tax revenue received at end of fiscal year
§ 3-114n Recording of revenue from gross earnings tax on cable and satellite television systems received at end of fiscal year
§ 3-114o Recording of revenue from deposit initiator special account balances paid to the state
§ 3-114p Recording of hospitals tax revenue received at end of fiscal year
§ 3-114q Recording of revenue from resident day user fee in nursing homes
§ 3-114r Recording of revenue from resident day user fee in intermediate care facility
§ 3-114s Recording of revenue from tax on provision of inpatient hospital services and outpatient hospital services and nursing home and intermediate care facility resident day user fees
§ 3-115 Preparation of accounting statements; monthly cumulative financial statements; annual report to the Governor
§ 3-115a Providing for budgetary and financial reporting needs of the executive branch
§ 3-115b Generally accepted accounting principles
§ 3-115c Report to the Governor for the fiscal year ending June 30, 1995
§ 3-115d CORE-CT policy board
§ 3-115e CORE-CT biennial reports
§ 3-117 Claims against the state. Process for constituent units of the state system of higher education. Recoupment by the state system of higher education. Recoupment by the state of agency expenses for basic telephone, toll telephone, teletypewriter or computer
§ 3-117a Management of state employee unemployment compensation claims
§ 3-117b Determination of amount of labor-management savings realized pursuant to the State Employees Bargaining Agent Coalition agreement with the state
§ 3-118 Insurance
§ 3-119 Payment of salaries and other payments; statement of officers. Electronic system for personnel data
§ 3-119a Retirement data base system; time and attendance system
§ 3-119b Election to decline compensation or benefit by state official
§ 3-120 Wages of persons employed about State Capitol and grounds
§ 3-121 Comptroller’s Service Fund
§ 3-121a GAAP salary reserve account
§ 3-122 Relief payments under bylaws of Police Association of Connecticut
§ 3-123 Relief payments and wage replacement benefits under bylaws of Connecticut State Firefighters Association
§ 3-123a Preretirement counseling of state and municipal employees
§ 3-123b Payroll deductions for retired and pensioned employees
§ 3-123c Annual appropriation for Loyalty Day parades
§ 3-123d Unrestricted use grants-in-aid to towns
§ 3-123e Disbursement of funds appropriated for regional fire schools, regional emergency dispatch centers or state or county-wide fire radio base networks. Annual report
§ 3-123f Capital reserve accounts for the constituent units of the state system of higher education
§ 3-123g Payroll deduction slot. Solicitation of proposals. Vendor Advisory Committee. Report to General Assembly
§ 3-123h Restrictive grant fund account for payment of costs of flexible spending account programs. Transfer of funds to account. Report on status of programs
§ 3-123i Funding for fringe benefit cost differential re The University of Connecticut Health Center employees
§ 3-123j Plan re participation of nonstate public employees in Health Enhancement program
§ 3-123k Funding for fringe benefit cost re community college employees
§ 3-123bb Powers of Comptroller re Connecticut Home Care Trust Fund
§ 3-123cc Investment of amounts on deposit in Connecticut Home Care Trust Fund
§ 3-123dd Additional powers of Comptroller re Connecticut Home Care Trust Fund
§ 3-123ee Treatment of Connecticut Home Care Trust Fund participation, offering and solicitation under securities laws
§ 3-123ff Pledge of state re Connecticut Home Care Trust Fund rights and obligations
§ 3-123gg Connecticut Home Care Trust Fund constitutes an instrumentality of the state. Treatment of amounts on deposit in funds
§ 3-123bbb Enrollment procedures and requirements. Comptroller duties
§ 3-123ccc Applications. Regulations
§ 3-123ddd Coverage for retirees
§ 3-123eee Partnership plan premium account. Nonpayment of premium or premium equivalent
§ 3-123fff Nonstate Public Health Care Advisory Committee. Nonprofit Health Care Advisory Committee
§ 3-123ggg Regulations
§ 3-123hhh Health Care Cost Containment Committee and State Employees Bargaining Agent Coalition approval
§ 3-123sss Enrollment procedures and requirements
§ 3-123ttt Coverage for retirees
§ 3-123uuu State employee plan premium payment. Nonpayment of premium
§ 3-123vvv State Employees’ Bargaining Agent Coalition consent
§ 3-123www Enrollment in partnership plan prohibited
§ 3-123xxx Annual report by nonstate public employers
§ 3-123yyy Annual report re plans developed by Comptroller

Terms Used In Connecticut General Statutes > Chapter 34 - Comptroller

  • Account: means any deposit or credit account with a bank, including a demand, time, savings, passbook, share draft, or like account, other than an account evidenced by a certificate of deposit. See Connecticut General Statutes 42a-4-104
  • Advertisement: includes the attempt by publication, dissemination, solicitation or circulation, written or oral, to induce directly or indirectly, any person to enter into any obligation or acquire any title or interest in any merchandise. See Connecticut General Statutes 42-144
  • Affidavit: A written statement of facts confirmed by the oath of the party making it, before a notary or officer having authority to administer oaths.
  • afternoon: means the period of a day between noon and midnight. See Connecticut General Statutes 42a-4-104
  • Amendment: A proposal to alter the text of a pending bill or other measure by striking out some of it, by inserting new language, or both. Before an amendment becomes part of the measure, thelegislature must agree to it.
  • Amortization: Paying off a loan by regular installments.
  • Annual percentage rate: The cost of credit at a yearly rate. It is calculated in a standard way, taking the average compound interest rate over the term of the loan so borrowers can compare loans. Lenders are required by law to disclose a card account's APR. Source: FDIC
  • Annuity: A periodic (usually annual) payment of a fixed sum of money for either the life of the recipient or for a fixed number of years. A series of payments under a contract from an insurance company, a trust company, or an individual. Annuity payments are made at regular intervals over a period of more than one full year.
  • another: may extend and be applied to communities, companies, corporations, public or private, limited liability companies, societies and associations. See Connecticut General Statutes 1-1
  • Answer: The formal written statement by a defendant responding to a civil complaint and setting forth the grounds for defense.
  • Apartment: means any house or building or portion of a house or building which is rented, leased or hired out to be occupied as a home or residence by one or more persons. See Connecticut General Statutes 42-103b
  • Apartment listing service: means any person who, in exchange for a fee, permits a customer to inspect or otherwise utilize a listing of apartments for rent. See Connecticut General Statutes 42-103b
  • Appeal: A request made after a trial, asking another court (usually the court of appeals) to decide whether the trial was conducted properly. To make such a request is "to appeal" or "to take an appeal." One who appeals is called the appellant.
  • Appraisal: A determination of property value.
  • Appropriation: The provision of funds, through an annual appropriations act or a permanent law, for federal agencies to make payments out of the Treasury for specified purposes. The formal federal spending process consists of two sequential steps: authorization
  • Arrest: Taking physical custody of a person by lawful authority.
  • Art dealer: means a person, partnership, firm, association, limited liability company or corporation other than a public auctioneer who undertakes to sell a work of fine art. See Connecticut General Statutes 42-116k
  • Artist: means the creator of a work of fine art. See Connecticut General Statutes 42-116k
  • Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
  • Attachment: A procedure by which a person's property is seized to pay judgments levied by the court.
  • Authorized officer: means any individual required or permitted, alone or with others, by any provision of law or by the issuing public entity, to execute on behalf of the public entity a certificated registered public obligation or a writing relating to an uncertificated registered public obligation. See Connecticut General Statutes 42b-1
  • Bailee: means a person that by a warehouse receipt, bill of lading or other document of title acknowledges possession of goods and contracts to deliver them. See Connecticut General Statutes 42a-7-102
  • banking day: means the part of a day on which a bank is open to the public for carrying on substantially all of its banking functions, but for the purpose of determining a bank's midnight deadline, as defined in subdivision (10) of this subsection, shall not include Saturday. See Connecticut General Statutes 42a-4-104
  • Bankruptcy: Refers to statutes and judicial proceedings involving persons or businesses that cannot pay their debts and seek the assistance of the court in getting a fresh start. Under the protection of the bankruptcy court, debtors may discharge their debts, perhaps by paying a portion of each debt. Bankruptcy judges preside over these proceedings.
  • banks: shall include all incorporated banks. See Connecticut General Statutes 1-1
  • 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
  • Business day: means any calendar day except Sunday or any of the following business holidays: New Year's Day, Washington's Birthday, Memorial Day, Independence Day, Labor Day, Columbus Day, Veterans Day, Thanksgiving Day and Christmas Day. See Connecticut General Statutes 42-134a
  • Business relationship: means any aspect of business (1) dealing with the sale, purchase, licensing or provision of goods, services or information. See Connecticut General Statutes 42-125b
  • Buyer: means a person who buys or contracts to buy goods. See Connecticut General Statutes 42a-2-103
  • Carrier: means a person that issues a bill of lading. See Connecticut General Statutes 42a-7-102
  • Case law: The law as laid down in cases that have been decided in the decisions of the courts.
  • Certificated registered public obligation: means a registered public obligation which is represented by an instrument. See Connecticut General Statutes 42b-1
  • certified check: shall be construed to include any bank treasurer's or cashier's check. See Connecticut General Statutes 1-1b
  • clearinghouse: means an association of banks or other payors regularly clearing items. See Connecticut General Statutes 42a-4-104
  • Code: means the Internal Revenue Code of 1986, or any subsequent corresponding internal revenue code of the United States, as from time to time amended. See Connecticut General Statutes 42b-1
  • commerce: means the advertising, the sale or rent or lease, the offering for sale or rent or lease, or the distribution of any services and any property, tangible or intangible, real, personal or mixed, and any other article, commodity, or thing of value in this state. See Connecticut General Statutes 42-110a
  • Commissioner: means the Commissioner of Consumer Protection. See Connecticut General Statutes 42-110a
  • Commissioner: means the Commissioner of Consumer Protection. See Connecticut General Statutes 42-144
  • 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.
  • Complaint: A written statement by the plaintiff stating the wrongs allegedly committed by the defendant.
  • conditional vendee: shall be construed to mean "debtor". See Connecticut General Statutes 1-1a
  • Consignee: means an art dealer who receives and accepts a work of fine art from a consignor for the purpose of sale, or exhibition and sale, to the public on a commission or fee or other basis of compensation. See Connecticut General Statutes 42-116k
  • Consignee: means a person named in a bill of lading to which or to whose order the bill promises delivery. See Connecticut General Statutes 42a-7-102
  • Consignor: means an artist or any person, partnership, firm, association, limited liability company or corporation who delivers a work of fine art to an art dealer for the purpose of sale, or exhibition and sale, to the public on a commission or fee or other basis of compensation. See Connecticut General Statutes 42-116k
  • Consignor: means a person named in a bill of lading as the person from which the goods have been received for shipment. See Connecticut General Statutes 42a-7-102
  • Consumer: means the purchaser, other than for purposes of resale, of a motor vehicle, a lessee of a motor vehicle, any person to whom such motor vehicle is transferred during the duration of an express warranty applicable to such motor vehicle, and any person entitled by the terms of such warranty to enforce the obligations of the warranty. See Connecticut General Statutes 42-179
  • Consumer goods or services: means goods or services purchased, leased, or rented primarily for personal, family, or household purposes, including courses of instruction or training regardless of the purpose for which they are taken. See Connecticut General Statutes 42-134a
  • Continuance: Putting off of a hearing ot trial until a later time.
  • Contract: A legal written agreement that becomes binding when signed.
  • Contract for sale: includes both a present sale of goods and a contract to sell goods at a future time. See Connecticut General Statutes 42a-2-106
  • Control: means the power to influence the management or policies of a person or to play a significant role in the implementation thereof. See Connecticut General Statutes 42-125b
  • Conviction: A judgement of guilt against a criminal defendant.
  • 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.
  • Counterclaim: A claim that a defendant makes against a plaintiff.
  • Customer: means any person who pays a fee to an apartment listing service for assistance in obtaining an apartment rental. See Connecticut General Statutes 42-103b
  • customer: means a person having an account with a bank or for whom a bank has agreed to collect items, including a bank that maintains an account at another bank. See Connecticut General Statutes 42a-4-104
  • Damages: Money paid by defendants to successful plaintiffs in civil cases to compensate the plaintiffs for their injuries.
  • Decedent: A deceased person.
  • Deed: The legal instrument used to transfer title in real property from one person to another.
  • Defendant: In a civil suit, the person complained against; in a criminal case, the person accused of the crime.
  • Delivery order: means a record that contains an order to deliver goods directed to a warehouse, carrier or other person that in the ordinary course of business issues warehouse receipts or bills of lading. See Connecticut General Statutes 42a-7-102
  • Dependent: A person dependent for support upon another.
  • Deposit account: includes a share account of a savings and loan association. See Connecticut General Statutes 1-1
  • Deposition: An oral statement made before an officer authorized by law to administer oaths. Such statements are often taken to examine potential witnesses, to obtain discovery, or to be used later in trial.
  • Discovery: Lawyers' examination, before trial, of facts and documents in possession of the opponents to help the lawyers prepare for trial.
  • Dismissal: The dropping of a case by the judge without further consideration or hearing. Source:
  • documentary draft: means a draft to be presented for acceptance or payment if specified documents, certificated securities, as defined in §. See Connecticut General Statutes 42a-4-104
  • Documentary material: means the original or a copy of a book, record, report, memorandum, paper, communication, tabulation, map, chart, photograph, mechanical transcription, or other tangible document or recording, wherever situate. See Connecticut General Statutes 42-110a
  • Domestic individual: means any person as defined in subdivision (h) of this section, whose residence, domicile or principal place of business is in the state of Connecticut or who does business in the state of Connecticut. See Connecticut General Statutes 42-125b
  • draft: means a draft as defined in §. See Connecticut General Statutes 42a-4-104
  • drawee: means a person ordered in a draft to make payment. See Connecticut General Statutes 42a-4-104
  • Entitlement: A Federal program or provision of law that requires payments to any person or unit of government that meets the eligibility criteria established by law. Entitlements constitute a binding obligation on the part of the Federal Government, and eligible recipients have legal recourse if the obligation is not fulfilled. Social Security and veterans' compensation and pensions are examples of entitlement programs.
  • Equitable: Pertaining to civil suits in "equity" rather than in "law." In English legal history, the courts of "law" could order the payment of damages and could afford no other remedy. See damages. A separate court of "equity" could order someone to do something or to cease to do something. See, e.g., injunction. In American jurisprudence, the federal courts have both legal and equitable power, but the distinction is still an important one. For example, a trial by jury is normally available in "law" cases but not in "equity" cases. Source: U.S. Courts
  • Escrow: Money given to a third party to be held for payment until certain conditions are met.
  • 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.
  • Executor: A male person named in a will to carry out the decedent
  • Facsimile seal: means the reproduction by engraving, imprinting, stamping or other means of the seal of the issuer, official or official body. See Connecticut General Statutes 42b-1
  • Facsimile signature: means the reproduction by engraving, imprinting, stamping or other means of a manual signature. See Connecticut General Statutes 42b-1
  • Fair Credit Reporting Act: A federal law, established in 1971 and revised in 1997, that gives consumers the right to see their credit records and correct any mistakes. Source: OCC
  • Fair market value: The price at which an asset would change hands in a transaction between a willing, informed buyer and a willing, informed seller.
  • farm: includes farm buildings, and accessory buildings thereto, nurseries, orchards, ranges, greenhouses, hoophouses and other temporary structures or other structures used primarily for the raising and, as an incident to ordinary farming operations, the sale of agricultural or horticultural commodities. See Connecticut General Statutes 1-1
  • farming: include cultivation of the soil, dairying, forestry, raising or harvesting any agricultural or horticultural commodity, including the raising, shearing, feeding, caring for, training and management of livestock, including horses, bees, the production of honey, poultry, fur-bearing animals and wildlife, and the raising or harvesting of oysters, clams, mussels, other molluscan shellfish or fish. See Connecticut General Statutes 1-1
  • Federal Reserve System: The central bank of the United States. The Fed, as it is commonly called, regulates the U.S. monetary and financial system. The Federal Reserve System is composed of a central governmental agency in Washington, D.C. (the Board of Governors) and twelve regional Federal Reserve Banks in major cities throughout the United States. Source: OCC
  • Fiduciary: A trustee, executor, or administrator.
  • Finance charge: The total cost of credit a customer must pay on a consumer loan, including interest. The Truth in Lending Act requires disclosure of the finance charge. Source: OCC
  • Financial intermediary: means a bank, broker, clearing corporation or other person or the nominee of any of them, which in the ordinary course of its business maintains registered public obligation accounts for its customers, when so acting. See Connecticut General Statutes 42b-1
  • Fine art: means (1) a work of visual art such as a painting, sculpture, drawing, mosaic or photograph. See Connecticut General Statutes 42-116k
  • Fiscal year: The fiscal year is the accounting period for the government. For the federal government, this begins on October 1 and ends on September 30. The fiscal year is designated by the calendar year in which it ends; for example, fiscal year 2006 begins on October 1, 2005 and ends on September 30, 2006.
  • 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
  • Foreign government: includes all governments and political subdivisions and the instrumentalities thereof, excepting the governments, political subdivisions, and instrumentalities of the United States and the states, commonwealths, territories, and possessions of the United States, and the District of Columbia. See Connecticut General Statutes 42-125b
  • Foreign person: means any person whose principal place of residence, business or domicile is outside the United States, or any person controlled directly or indirectly by any other person whose principal place of residence, business or domicile is outside the United States. See Connecticut General Statutes 42-125b
  • Forgery: The fraudulent signing or alteration of another's name to an instrument such as a deed, mortgage, or check. The intent of the forgery is to deceive or defraud. Source: OCC
  • Fraud: Intentional deception resulting in injury to another.
  • Freedom of Information Act: A federal law that mandates that all the records created and kept by federal agencies in the executive branch of government must be open for public inspection and copying. The only exceptions are those records that fall into one of nine exempted categories listed in the statute. Source: OCC
  • Garnishment: Generally, garnishment is a court proceeding in which a creditor asks a court to order a third party who owes money to the debtor or otherwise holds assets belonging to the debtor to turn over to the creditor any of the debtor
  • Gift: A voluntary transfer or conveyance of property without consideration, or for less than full and adequate consideration based on fair market value.
  • Good faith: means honesty in fact and the observance of reasonable commercial standards of fair dealing. See Connecticut General Statutes 42a-7-102
  • Goods: means all things that are treated as movable for the purposes of a contract for storage or transportation. See Connecticut General Statutes 42a-7-102
  • Grace period: The number of days you'll have to pay your bill for purchases in full without triggering a finance charge. Source: Federal Reserve
  • Grand jury: agreement providing that a lender will delay exercising its rights (in the case of a mortgage,
  • Grantor: The person who establishes a trust and places property into it.
  • Guarantor: A party who agrees to be responsible for the payment of another party's debts should that party default. Source: OCC
  • Guardian: A person legally empowered and charged with the duty of taking care of and managing the property of another person who because of age, intellect, or health, is incapable of managing his (her) own affairs.
  • Home solicitation sale: means a sale, lease, or rental of consumer goods or services, whether under single or multiple contracts, in which the seller or his representative personally solicits the sale, including those in response to or following an invitation by the buyer, and the buyer's agreement or offer to purchase is made at a place other than the place of business of the seller. See Connecticut General Statutes 42-134a
  • Indemnification: In general, a collateral contract or assurance under which one person agrees to secure another person against either anticipated financial losses or potential adverse legal consequences. Source: FDIC
  • infancy: shall be deemed to refer to a person under the age of eighteen years and any person eighteen years of age or over shall be an adult for all purposes whatsoever and have the same legal capacity, rights, powers, privileges, duties, liabilities and responsibilities as persons heretofore had at twenty-one years of age, and "age of majority" shall be deemed to be eighteen years. See Connecticut General Statutes 1-1d
  • Injunction: An order of the court prohibiting (or compelling) the performance of a specific act to prevent irreparable damage or injury.
  • 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
  • International organization: means any association or organization, of which a substantial portion of the membership includes foreign persons or foreign governments. See Connecticut General Statutes 42-125b
  • Interrogatories: Written questions asked by one party of an opposing party, who must answer them in writing under oath; a discovery device in a lawsuit.
  • Issuer: means a public entity which issues an obligation. See Connecticut General Statutes 42b-1
  • Issuer: means a bailee that issues a document of title or, in the case of an unaccepted delivery order, the person that orders the possessor of goods to deliver. See Connecticut General Statutes 42a-7-102
  • item: means an instrument or a promise or order to pay money handled by a bank for collection or payment. See Connecticut General Statutes 42a-4-104
  • 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.
  • Lawsuit: A legal action started by a plaintiff against a defendant based on a complaint that the defendant failed to perform a legal duty, resulting in harm to the plaintiff.
  • 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
  • Legal tender: coins, dollar bills, or other currency issued by a government as official money. Source: U.S. Mint
  • Legatee: A beneficiary of a decedent
  • Liabilities: The aggregate of all debts and other legal obligations of a particular person or legal entity.
  • Lien: A claim against real or personal property in satisfaction of a debt.
  • Lineal descendant: Direct descendant of the same ancestors.
  • Listing: means any oral or written communication concerning a specific apartment for rent. See Connecticut General Statutes 42-103b
  • Litigation: A case, controversy, or lawsuit. Participants (plaintiffs and defendants) in lawsuits are called litigants.
  • Markup: The process by which congressional committees and subcommittees debate, amend, and rewrite proposed legislation.
  • Merchandise: includes any objects, wares, goods, commodities, intangibles, securities, bonds, debentures, stocks, real estate or services. See Connecticut General Statutes 42-144
  • month: means a calendar month, and the word "year" means a calendar year, unless otherwise expressed. See Connecticut General Statutes 1-1
  • Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
  • Mortgagee: The person to whom property is mortgaged and who has loaned the money.
  • Mortgagor: The person who pledges property to a creditor as collateral for a loan and who receives the money.
  • Motor vehicle: means a passenger motor vehicle, a passenger and commercial motor vehicle or a motorcycle, as defined in §. See Connecticut General Statutes 42-179
  • Oath: A promise to tell the truth.
  • oath: shall include affirmations in cases where by law an affirmation may be used for an oath, and, in like cases, the word "swear" shall include the word "affirm". See Connecticut General Statutes 1-1
  • 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.
  • Obligation: means an agreement of a public entity to pay principal and any interest thereon, whether in the form of a contract to repay borrowed money, a lease, an installment purchase agreement, or otherwise, and includes a share, participation, or other interest in any such agreement. See Connecticut General Statutes 42b-1
  • Official actions: means the actions, by statute, order, ordinance, resolution, contract or other authorized means, by which the issuer provides for issuance of a registered public obligation. See Connecticut General Statutes 42b-1
  • Official or official body: means the officer or board that is empowered under the laws of one or more states, including this state, or by the charter, ordinance, resolution or other authorization of the issuer, to provide for original issuance of an obligation of the issuer, by defining the obligation and its terms, conditions and other incidents, the successor or successors of any such official or official body and such other person or group of persons as shall be assigned duties of such official or official body with respect to a registered public obligation under applicable law from time to time. See Connecticut General Statutes 42b-1
  • Open-end credit: A credit agreement (typically a credit card) that allows a customer to borrow against a preapproved credit line when purchasing goods and services. The borrower is only billed for the amount that is actually borrowed plus any interest due. (Also called a charge account or revolving credit.) Source: OCC
  • Ordinance: means an enactment under the provisions of §. See Connecticut General Statutes 1-1
  • Oversight: Committee review of the activities of a Federal agency or program.
  • 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 individual, association, partnership, limited liability company or corporation. See Connecticut General Statutes 42-103b
  • Person: means a natural person, corporation, limited liability company, trust, partnership, incorporated or unincorporated association, and any other legal entity. See Connecticut General Statutes 42-110a
  • Person: means any individual, partnership, corporation, limited liability company, association, trust or any other legal or commercial entity, including their officers, agents, employees and servants or any other person acting in a representative capacity. See Connecticut General Statutes 42-125b
  • Person: includes any natural person, or his legal representative, partnership, limited liability company, corporation, whether domestic or foreign, company, trust, business entity or association, and any agent, employee, salesman, partner, officer, director, member, stockholder, associate, trustee or cestui que trust thereof. See Connecticut General Statutes 42-144
  • Personal property: All property that is not real property.
  • Place of business: means the main or permanent branch office or local address of a seller. See Connecticut General Statutes 42-134a
  • Plaintiff: The person who files the complaint in a civil lawsuit.
  • Pleadings: Written statements of the parties in a civil case of their positions. In the federal courts, the principal pleadings are the complaint and the answer.
  • Power of attorney: A written instrument which authorizes one person to act as another's agent or attorney. The power of attorney may be for a definite, specific act, or it may be general in nature. The terms of the written power of attorney may specify when it will expire. If not, the power of attorney usually expires when the person granting it dies. Source: OCC
  • Precedent: A court decision in an earlier case with facts and law similar to a dispute currently before a court. Precedent will ordinarily govern the decision of a later similar case, unless a party can show that it was wrongly decided or that it differed in some significant way.
  • present sale: means a sale which is accomplished by the making of the contract. See Connecticut General Statutes 42a-2-106
  • Presiding officer: A majority-party Senator who presides over the Senate and is charged with maintaining order and decorum, recognizing Members to speak, and interpreting the Senate's rules, practices and precedents.
  • Probate: Proving a will
  • Probation: A sentencing alternative to imprisonment in which the court releases convicted defendants under supervision as long as certain conditions are observed.
  • Procure: includes obtaining, providing, inducing, suggesting, soliciting, recruiting, training, supervising, advancing in position, or aiding or abetting any of the activities specified in this subsection. See Connecticut General Statutes 42-144
  • Prosecute: To charge someone with a crime. A prosecutor tries a criminal case on behalf of the government.
  • Public entity: means any entity, department or agency which is empowered under the laws of one or more states or territories, the District of Columbia or possessions of the United States, including this state, to issue obligations any interest with respect to which may, under any provision of law, be provided an exemption from the income tax referred to in the code. See Connecticut General Statutes 42b-1
  • Purchase price: means the total price paid or to be paid for the consumer goods or services, including all interest and service charges. See Connecticut General Statutes 42-134a
  • Real property: Land, and all immovable fixtures erected on, growing on, or affixed to the land.
  • Record: means information that is inscribed on a tangible medium or that is stored in an electronic or other medium and is retrievable in perceivable form. See Connecticut General Statutes 42a-7-102
  • 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
  • Registered public obligation: means an obligation issued by a public entity pursuant to a system of registration. See Connecticut General Statutes 42b-1
  • Remainder: An interest in property that takes effect in the future at a specified time or after the occurrence of some event, such as the death of a life tenant.
  • 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.
  • Restitution: The court-ordered payment of money by the defendant to the victim for damages caused by the criminal action.
  • Right of rescission: Right to cancel, within three business days, a contract that uses the home of a person as collateral, except in the case of a first mortgage loan. There is no fee to the borrower, who receives a full refund of all fees paid. The right of rescission is guaranteed by the Truth in Lending Act (TILA). Source: OCC
  • Rights or privileges: includes the right or privilege to market, distribute, wholesale or retail, merchandise or services or to procure others to do so. See Connecticut General Statutes 42-144
  • Sale: includes any sale, offer of sale or attempt to sell any merchandise, services, or rights or privileges for any consideration, or aiding or abetting any of the activities specified in this section. See Connecticut General Statutes 42-144
  • Seller: means any person, partnership, corporation, limited liability company or association engaged in home solicitation sales of consumer goods or services. See Connecticut General Statutes 42-134a
  • Seller: means a person who sells or contracts to sell goods. See Connecticut General Statutes 42a-2-103
  • Service of process: The service of writs or summonses to the appropriate party.
  • Services: includes any supply of accommodations, work, repair or other needs, instruction or education, including any type of training course in any field such as personality improvement, self motivation, salesmanship and similar fields. See Connecticut General Statutes 42-144
  • Settlement: Parties to a lawsuit resolve their difference without having a trial. Settlements often involve the payment of compensation by one party in satisfaction of the other party's claims.
  • Shipper: means a person that enters into a contract of transportation with a carrier. See Connecticut General Statutes 42a-7-102
  • Statute: A law passed by a legislature.
  • Statute of limitations: A law that sets the time within which parties must take action to enforce their rights.
  • Subpoena: A command to a witness to appear and give testimony.
  • Subpoena duces tecum: A command to a witness to produce documents.
  • succeeding: when used by way of reference to any section or sections, mean the section or sections next preceding, next following or next succeeding, unless some other section is expressly designated in such reference. See Connecticut General Statutes 1-1
  • Summons: Another word for subpoena used by the criminal justice system.
  • System of registration: means a plan that provides: (1) With respect to a certificated registered public obligation, that: (A) The certificated registered public obligation specify a person entitled to the registered public obligation and the rights it represents. See Connecticut General Statutes 42b-1
  • Temporary restraining order: Prohibits a person from an action that is likely to cause irreparable harm. This differs from an injunction in that it may be granted immediately, without notice to the opposing party, and without a hearing. It is intended to last only until a hearing can be held.
  • Testator: A male person who leaves a will at death.
  • Testify: Answer questions in court.
  • Testimony: Evidence presented orally by witnesses during trials or before grand juries.
  • Tort: A civil wrong or breach of a duty to another person, as outlined by law. A very common tort is negligent operation of a motor vehicle that results in property damage and personal injury in an automobile accident.
  • Transcript: A written, word-for-word record of what was said, either in a proceeding such as a trial or during some other conversation, as in a transcript of a hearing or oral deposition.
  • Trial: A hearing that takes place when the defendant pleads "not guilty" and witnesses are required to come to court to give evidence.
  • Trust account: A general term that covers all types of accounts in a trust department, such as estates, guardianships, and agencies. Source: OCC
  • Trustee: A person or institution holding and administering property in trust.
  • Truth in Lending Act: The Truth in Lending Act is a federal law that requires lenders to provide standardized information so that borrowers can compare loan terms. In general, lenders must provide information on Source: OCC
  • Uncertificated registered public obligation: means a registered public obligation which is not represented by an instrument. See Connecticut General Statutes 42b-1
  • Uniform Commercial Code: A set of statutes enacted by the various states to provide consistency among the states' commercial laws. It includes negotiable instruments, sales, stock transfers, trust and warehouse receipts, and bills of lading. Source: OCC
  • Uphold: The decision of an appellate court not to reverse a lower court decision.
  • Variable Rate: Having a "variable" rate means that the APR changes from time to time based on fluctuations in an external rate, normally the Prime Rate. This external rate is known as the "index." If the index changes, the variable rate normally changes. Also see Fixed Rate.
  • Venue: The geographical location in which a case is tried.
  • Warehouse: means a person engaged in the business of storing goods for hire. See Connecticut General Statutes 42a-7-102