Terms Used In New Jersey Statutes > Title 40 > Chapter 141 - Waterworks; Water for Fire and Other Purposes

• Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
• Liabilities: The aggregate of all debts and other legal obligations of a particular person or legal entity.
• person: includes corporations, companies, associations, societies, firms, partnerships and joint stock companies as well as individuals, unless restricted by the context to an individual as distinguished from a corporate entity or specifically restricted to one or some of the above enumerated synonyms and, when used to designate the owner of property which may be the subject of an offense, includes this State, the United States, any other State of the United States as defined infra and any foreign country or government lawfully owning or possessing property within this State. See New Jersey Statutes 1:1-2
• 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