Terms Used In New Jersey Statutes > Title 17 > Chapter 20

• Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
• Bank: means a State or federally chartered bank, savings bank, or savings and loan association which has trust powers and which has its principal office in New Jersey. See New Jersey Statutes 17:20-1
• Contract: A legal written agreement that becomes binding when signed.
• Custodian: means a bank which performs fiduciary functions in the maintenance of deposits. See New Jersey Statutes 17:20-1
• Deposit: means those deposits of securities required to be made by insurance companies prior to their authorization to transact business within any jurisdiction. See New Jersey Statutes 17:20-1
• Federal Reserve book-entry system: means the computerized system sponsored by the United States Department of the Treasury and certain agencies and instrumentalities of the United States for holding and transferring securities of the United States government and the agencies and instrumentalities, respectively, in Federal Reserve Banks through banks which are members of the Federal Reserve System or which otherwise have access to this computerized system. See New Jersey Statutes 17:20-1
• 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.
• 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.
• 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.
• Plaintiff: The person who files the complaint in a civil lawsuit.
• Policyholders: means those persons including subscribers, certificate holders, and others who are named in or covered by a contract of insurance. See New Jersey Statutes 17:20-1
• Securities: means and shall only include: (a) Bills, bonds and notes issued by the United States Treasury. See New Jersey Statutes 17:20-1
• State: extends to and includes any State, territory or possession of the United States, the District of Columbia and the Canal Zone. See New Jersey Statutes 1:1-2
• Statute: A law passed by a legislature.
• territory: extends to and includes any territory or possession of the United States, the District of Columbia and the Canal Zone. See New Jersey Statutes 1:1-2
• Trustee: A person or institution holding and administering property in trust.