Terms Used In Louisiana Revised Statutes > Title 49 > Chapter 2 > Part V - Louisiana Recovery Authority

• 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.
• 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}
• Mortgage: The written agreement pledging property to a creditor as collateral for a loan.