Terms Used In New York Laws > Agriculture and Markets > Article 20 - Licensing of Farm Products Dealers

• Advice and consent: Under the Constitution, presidential nominations for executive and judicial posts take effect only when confirmed by the Senate, and international treaties become effective only when the Senate approves them by a two-thirds vote.
• 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.
• Affirmed: In the practice of the appellate courts, the decree or order is declared valid and will stand as rendered in the lower court.
• Agency manager: means the person designated by the applicant for a license who is responsible for the direction and operation of the placement activities of the agency at the premises covered by the license. See N.Y. General Business Law 171
• Allegation: something that someone says happened.
• 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.
• 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.
• Answer: The formal written statement by a defendant responding to a civil complaint and setting forth the grounds for defense.
• 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.
• Applicant: shall mean an individual who has filed an application with the department for a security guard registration card. See N.Y. General Business Law 89-F
• Applicant: means an individual who has filed an application with the department for a registration card. See N.Y. General Business Law 89-PPP
• 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
• Armored car carrier: means any individual, partnership, association, limited liability company, corporation, or any other entity, engaging in the business of providing armored car services for hire. See N.Y. General Business Law 89-BBB
• Armored car carrier: has the meaning ascribed to that term by subdivision six of section eighty-nine-bbb of this chapter. See N.Y. General Business Law 89-PPP
• Armored car guard: has the meaning ascribed to that term by subdivision eight of section eighty-nine-ppp of this chapter. See N.Y. General Business Law 89-BBB
• Armored car guard: means an individual employed by an armored car carrier to provide armored car services and who carries a firearm or is authorized by the employer to access a firearm when providing armored car services, and who holds a conditional letter of authority or a valid registration card issued by the department pursuant to the provisions of this article. See N.Y. General Business Law 89-PPP
• Armored car services: means engaging in the business of providing secured transportation, protection and safeguarding of valuable cargo from one place or point to another, including the provision of cash services for automated teller machines, by means of specially designed and constructed bullet-resistant armored vehicles and armored car guards. See N.Y. General Business Law 89-BBB
• Armored car services: has the meaning ascribed to that term by subdivision seven or section eighty-nine-bbb of this chapter. See N.Y. General Business Law 89-PPP
• Arrest: Taking physical custody of a person by lawful authority.
• Artist: shall mean actors and actresses rendering services on the legitimate stage and in the production of motion pictures, radio artists, musical artists, musical organizations, directors of legitimate stage, motion picture and radio productions, musical directors, writers, cinematographers, composers, lyricists, arrangers, models, and other artists and persons rendering professional services in motion picture, theatrical, radio, television and other entertainment enterprises. See N.Y. General Business Law 171
• Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
• Attorney-in-fact: A person who, acting as an agent, is given written authorization by another person to transact business for him (her) out of court.
• authority: shall mean the corporation created by section thirteen hundred fifty-three of this title. See N.Y. Public Authorities Law 1351
• Bail: Security given for the release of a criminal defendant or witness from legal custody (usually in the form of money) to secure his/her appearance on the day and time appointed.
• 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.
• 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}
• Bequest: Property gifted by will.
• board: shall mean the members of the authority. See N.Y. Public Authorities Law 1351
• bonds: shall mean bonds issued by the authority pursuant to this title. See N.Y. Public Authorities Law 1351
• city: shall mean the city of Oswego. See N.Y. Public Authorities Law 1351
• commercial trampoline: shall mean a device that:
  
  (a) incorporates a trampoline bed; and
  
  (b) is used for entertainment or recreational jumping, springing, bouncing, acrobatics, or gymnastics in a trampoline park. See N.Y. General Business Law 220
• Commissioner: shall mean the commissioner of the division of criminal justice services. See N.Y. General Business Law 89-F
• Commissioner: means the commissioner of the division of criminal justice services. See N.Y. General Business Law 89-BBB
• Commissioner: means the commissioner of the division of criminal justice services. See N.Y. General Business Law 89-PPP
• Commissioner: means the industrial commissioner of the state of New York, except that in the application of this article to the city of New York the term "commissioner" means the commissioner of consumer affairs of such city. See N.Y. General Business Law 171
• common council: shall mean the common council of the city. See N.Y. Public Authorities Law 1351
• 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.
• company: as used in this article , includes all corporations, whether created under the laws of this state, or of the United States, or of those of any other state or nation. See N.Y. General Business Law 115
• Complaint: A written statement by the plaintiff stating the wrongs allegedly committed by the defendant.
• Continuance: Putting off of a hearing ot trial until a later time.
• Contract: A legal written agreement that becomes binding when signed.
• 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.
• Damages: Money paid by defendants to successful plaintiffs in civil cases to compensate the plaintiffs for their injuries.
• Dealer: means any person engaged in the retail sale of motor fuels for use in motor vehicles under a franchise entered into with a distributor. See N.Y. General Business Law 199-A
• 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.
• Department: shall mean the department of state. See N.Y. General Business Law 89-F
• Department: means the department of state. See N.Y. General Business Law 89-BBB
• Department: means the department of state. See N.Y. General Business Law 89-PPP
• Dependent: A person dependent for support upon another.
• 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.
• Distributor: means any person engaged in the sale, consignment, or distribution of motor fuels to dealers. See N.Y. General Business Law 199-A
• district: shall mean the Oswego port authority district created by section eighteen hundred twenty-seven of this title. See N.Y. Public Authorities Law 1351
• Division: shall mean the division of criminal justice services. See N.Y. General Business Law 89-F
• Division: means the division of criminal justice services. See N.Y. General Business Law 89-BBB
• Division: means the division of criminal justice services. See N.Y. General Business Law 89-PPP
• Docket: A log containing brief entries of court proceedings.
• Electronic funds transfer: The transfer of money between accounts by consumer electronic systems-such as automated teller machines (ATMs) and electronic payment of bills-rather than by check or cash. (Wire transfers, checks, drafts, and paper instruments do not fall into this category.) ^{Source: OCC}
• emergency response plan: shall mean a written plan of action for the reasonable and appropriate contact, deployment, and coordination of services, agencies, and personnel to provide the earliest possible response to an injury or emergency. See N.Y. General Business Law 220
• Emigrant agent: shall mean any person, on behalf of an employment agency who, for a fee, procures or attempts to procure employment for persons outside the state or outside the continental United States seeking such employment, or employees from outside the state or outside the continental United States for employers seeking the services of such employees. See N.Y. General Business Law 171
• employer fee paid employment agency: means any person who on behalf of employers procures or attempts to procure employees for "Class B" employment (as defined in section one hundred eighty-five of this article) and who in no instance charges a fee directly, or indirectly, to persons seeking such employment even though a fee may be charged to employers seeking the services of such employees, and who engages in no activity constituting the operation of an employment agency as defined in section one hundred seventy-one of this chapter and who in no instance enters into any arrangement through which the employer fee paid employment agency receives remuneration or any other thing of value from any person, firm or corporation which collects fees from applicants. See N.Y. General Business Law 191
• Employment agency: means any person (as hereinafter defined) who, for a fee, procures or attempts to procure:
  
  (1) employment or engagements for persons seeking employment or engagements, or
  
  (2) employees for employers seeking the services of employees. See N.Y. General Business Law 171
• 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}
• Escheat: Reversion of real or personal property to the state when 1) a person dies without leaving a will and has no heirs, or 2) when the property (such as a bank account) has been inactive for a certain period of time. ^{Source: OCC}
• 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.
• Ex officio: Literally, by virtue of one's office.
• Executor: A male person named in a will to carry out the decedent
• 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.
• Fee: means anything of value, including any money or other valuable consideration charged, collected, received, paid or promised for any service, or act rendered or to be rendered by an employment agency, including but not limited to money received by such agency or its emigrant agent which is more than the amount paid by it for transportation, transfer of baggage, or board and lodging on behalf of any applicant for employment. See N.Y. General Business Law 171
• Fiduciary: A trustee, executor, or administrator.
• 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.
• 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}
• Franchise: means any agreement between a distributor and a dealer under which the dealer is granted the right to use a trademark, trade name, service mark, or other identifying symbol or name owned by the distributor, or to which the distributor has the right to authorize the use thereof, and is furnished by the distributor with products to be sold at retail under such trademark, trade name, service mark, or other identifying symbol or name or any agreement between a distributor and a dealer under which the dealer is granted the right to occupy or use premises or facilities owned, leased, or controlled by the distributor, for the purpose of engaging in the retail sale of motor fuels of the distributor, provided that an agreement by one distributor to lease premises or facilities to another distributor shall not constitute a franchise. See N.Y. General Business Law 199-A
• Fraud: Intentional deception resulting in injury to another.
• Germane: On the subject of the pending bill or other business; a strict standard of relevance.
• Gift: A voluntary transfer or conveyance of property without consideration, or for less than full and adequate consideration based on fair market value.
• 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.
• Holder: shall mean an individual who has been issued a registration card by the department. See N.Y. General Business Law 89-F
• Holder: means an individual who has been issued a conditional letter of authority or a registration card by the department. See N.Y. General Business Law 89-PPP
• industrial project: shall mean a project designed and intended for the purpose of providing facilities for manufacturing, warehousing, recreational opportunities, docking, historical appreciation, research, business or other industrial purposes, including but not limited to machinery and equipment deemed necessary for the operation thereof (excluding raw materials, work in process or stock in trade), on land acquired or to be acquired by the authority in the city of Oswego and the two parcels previously acquired by the authority in the town of Scriba. See N.Y. Public Authorities Law 1351
• Injunction: An order of the court prohibiting (or compelling) the performance of a specific act to prevent irreparable damage or injury.
• inspection: shall mean a procedure that an inspector conducts to:
  
  (a) determine whether a trampoline park facility, including any device or material, is constructed, assembled, maintained, tested, and operated in accordance with this article and the manufacturer's recommendations;
  
  (b) determine the operational safety of a trampoline park facility, including any device or material;
  
  (c) determine whether the trampoline park complies with safety standards; and
  
  (d) determine whether the trampoline park's policies, safeguards, and procedures comply with this article. See N.Y. General Business Law 220
• inspector: shall mean an individual who:
  
  (a) conducts an inspection of a trampoline park to certify compliance with this article and industry safety standards; and
  
  (b) (i) is certified by:
  
  (A) a nationally accredited organization that develops and publishes consensus standards for a wide range of materials, products, systems, and services that are used for trampolines; or
  
  (B) a nationally accredited organization that promotes trampoline park safety;
  
  (ii) represents the insurer of the trampoline park;
  
  (iii) represents a nationally accredited organization that:
  
  (A) inspects amusement and recreational facilities and equipment; and
  
  (B) certifies and trains professional private industry inspectors through written testing and continuing education requirements; or
  
  (iv) represents an organization that the United States Olympic Committee designates as the national governing body for gymnastics. See N.Y. General Business Law 220
• 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}
• 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.
• 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}
• Liabilities: The aggregate of all debts and other legal obligations of a particular person or legal entity.
• Licensee: means an armored car carrier that has been issued a license in accordance with the provisions of this article. See N.Y. General Business Law 89-BBB
• Lien: A claim against real or personal property in satisfaction of a debt.
• Litigation: A case, controversy, or lawsuit. Participants (plaintiffs and defendants) in lawsuits are called litigants.
• mayor: shall mean the mayor of the city. See N.Y. Public Authorities Law 1351
• Minority leader: See Floor Leaders
• Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
• Oath: A promise to tell the truth.
• 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.
• Officer: means the four primary officers of a corporation, normally defined as president, vice-president, secretary and treasurer. See N.Y. General Business Law 89-BBB
• operator: shall mean a person who manages, or controls or who has the duty to manage or control the operation of a trampoline park. See N.Y. General Business Law 220
• Oversight: Committee review of the activities of a Federal agency or program.
• owner: shall mean a person, corporation, partnership, limited liability company, or association who owns a commercial trampoline park. See N.Y. General Business Law 220
• participant: shall mean an individual that uses trampoline park equipment. See N.Y. General Business Law 220
• 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.
• Peace officer: shall mean a peace officer as defined by subdivision thirty-three of § 1. See N.Y. General Business Law 89-F
• Peace officer: has the meaning ascribed to that term by subdivision thirty-three of § 1. See N.Y. General Business Law 89-PPP
• Person: means any individual, company, society, association, corporation, manager, contractor, subcontractor, partnership, bureau, agency, service, office or the agent or employee of the foregoing. See N.Y. General Business Law 171
• Personal property: All property that is not real property.
• Placement employee: shall mean any agency manager, director, counsellor, interviewer, or any other person employed by an employment agency who spends a substantial part of his time interviewing, counselling or conferring with job applicants or employers for the purpose of placing or procuring job applicants, but shall not include employees of an employment agency who are primarily engaged in clerical occupations. See N.Y. General Business Law 171
• Plaintiff: The person who files the complaint in a civil lawsuit.
• Plea: In a criminal case, the defendant's statement pleading "guilty" or "not guilty" in answer to the charges, a declaration made in open court.
• Police officer: shall mean a police officer as defined by subdivision thirty-four of § 1. See N.Y. General Business Law 89-F
• Police officer: has the meaning ascribed to that term by subdivision thirty-four of § 1. See N.Y. General Business Law 89-PPP
• port facilities: shall mean , among other things, wharfs, docks, piers, terminals, railroad tracks or terminals, cold storage and refrigerating plants, warehouses, elevators, freight-handling machinery and such equipment as is used in the handling of freight and the establishment and operation of a port, and work of deepening parts of the Oswego river and Lake Ontario adjacent to the terminal exclusive of the harbor channel, within the port district, and any other works, properties, buildings, structures or other facilities necessary or desirable in connection with the development and operation of port facilities in the district. See N.Y. Public Authorities Law 1351
• 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.
• Principal: means any person controlling an interest greater than ten percent of an armored car carrier. See N.Y. General Business Law 89-BBB
• Prosecute: To charge someone with a crime. A prosecutor tries a criminal case on behalf of the government.
• Public entity: shall mean :
  
  a. See N.Y. General Business Law 89-F
• Qualified firearms instructor: means an individual who holds a certificate as a firearms instructor from an association or organization recognized by the division. See N.Y. General Business Law 89-PPP
• Qualified firearms training course: means a minimum forty-seven hour firearms training course for armored car guards that is specific and germane to the armored car carrier industry, recognized by the division in consultation with the armored car carrier industry. See N.Y. General Business Law 89-PPP
• Quorum: The number of legislators that must be present to do business.
• Ranking minority member: The highest ranking (and usually longest serving) minority member of a committee or subcommittee.
• Real property: Land, and all immovable fixtures erected on, growing on, or affixed to the land.
• Recess: A temporary interruption of the legislative business.
• Registration card: shall mean a photographic identification card issued by the department, including a special armed guard registration card signifying that the individual identified thereon has been authorized by the department to perform security guard functions. See N.Y. General Business Law 89-F
• Registration card: means a photographic identification card issued by the department signifying that the holder has been certified by the department to perform armored car services in the employ of an armored car carrier and to carry firearms in connection therewith. See N.Y. General Business Law 89-PPP
• 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.
• Restocking fee: shall mean any amount charged by a seller for accepting returned merchandise and paying a refund or credit. See N.Y. General Business Law 217
• Retail: means the sale of motor fuels to the consuming public for the purposes other than resale. See N.Y. General Business Law 199-A
• Retail mercantile establishment: shall mean a place where goods, wares or merchandise are offered to the public for sale. See N.Y. General Business Law 217
• Secretary: shall mean the secretary of state. See N.Y. General Business Law 89-F
• Secretary: means the secretary of state. See N.Y. General Business Law 89-BBB
• Secretary: means the secretary of state. See N.Y. General Business Law 89-PPP
• Security guard: shall mean a person, other than a police officer, employed by a security guard company to principally perform one or more of the following functions within the state:
  
  a. See N.Y. General Business Law 89-F
• Security guard company: shall mean any person, firm, limited liability company, corporation, public entity or subsidiary or department of such firm, limited liability company, corporation or public entity employing one or more security guards or being self-employed as a security guard on either a proprietary basis for its own use or on a contractual basis for use by another person, firm, limited liability company, corporation, public entity or subsidiary thereof within the state. See N.Y. General Business Law 89-F
• Security system: shall mean an assembly of equipment and devices or a single device designated to detect and/or signal an unauthorized intrusion into premises or to signal an attempted robbery, burglary, theft, pilferage or other loss at a protected premises, and with respect to which signal, police and/or security guards are expected to respond. See N.Y. General Business Law 89-F
• Serious offense: shall mean any felony involving the offenses enumerated in the closing paragraph of this subdivision; a criminal solicitation of or a conspiracy to commit or an attempt to commit or a criminal facilitation of a felony involving the offenses enumerated in the closing paragraph of this subdivision, which criminal solicitation, conspiracy, attempt or criminal facilitation itself constitutes a felony or any offense in any other jurisdiction which if committed in this state would constitute a felony; any offense in any other jurisdiction which if committed in this state would constitute a felony provided that for the purposes of this article, none of the following shall be considered criminal convictions or reported as such: (i) a conviction for which an executive pardon has been issued pursuant to the executive law; (ii) a conviction which has been vacated and replaced by a youthful offender finding pursuant to Article seven hundred twenty of the criminal procedure law, or the applicable provisions of law of any other jurisdiction; or (iii) a conviction the records of which have been sealed pursuant to the applicable provisions of the laws of this state or of any other jurisdiction; and (iv) a conviction for which other evidence of successful rehabilitation to remove the disability has been issued. See N.Y. General Business Law 89-F
• Serious offense: has the meaning ascribed to that term by subdivision thirteen of section eighty-nine-f of this chapter. See N.Y. General Business Law 89-BBB
• Serious offense: has the meaning ascribed to that term by subdivision thirteen of section eighty-nine-f of this chapter. See N.Y. General Business Law 89-PPP
• Service of process: The service of writs or summonses to the appropriate party.
• Service Station: means any premises whereon the retail sale of motor fuels is conducted as the principal business. See N.Y. General Business Law 199-A
• 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.
• Special armed guard registration card: shall mean a registration card issued by the department signifying that the individual thereon has been certified by the department to perform security guard functions and to carry firearms in connection with such functions. See N.Y. General Business Law 89-F
• Statute: A law passed by a legislature.
• Subpoena: A command to a witness to appear and give testimony.
• Summons: Another word for subpoena used by the criminal justice system.
• Tenancy in common: A type of property ownership in which two or more individuals have an undivided interest in property. At the death of one tenant in common, his (her) fractional percentage of ownership in the property passes to the decedent
• Testimony: Evidence presented orally by witnesses during trials or before grand juries.
• Theatrical employment agency: means any person (as defined in subdivision seven of this section) who procures or attempts to procure employment or engagements for an artist, but such term does not include the business of managing entertainments, exhibitions or performances, or the artists or attractions constituting the same, where such business only incidentally involves the seeking of employment therefor. See N.Y. General Business Law 171
• 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.
• town: shall mean the town of Scriba, Oswego county. See N.Y. Public Authorities Law 1351
• trampoline bed: shall mean the flexible surface of a trampoline on which a user jumps or bounces. See N.Y. General Business Law 220
• trampoline court: shall mean an area of a trampoline park comprising:
  
  (a) multiple commercial trampolines; or
  
  (b) at least one commercial trampoline and at least one associated foam or inflatable bag pit. See N.Y. General Business Law 220
• trampoline park: shall mean a place of business that offers the recreational use of a trampoline court for a fee or charge for admission to the trampoline park for entertainment or recreational purposes. See N.Y. General Business Law 220
• 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.
• 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}
• Valuable cargo: means money, cash, currency, coin, bullion, precious metals and articles made therefrom, gems and jewelry, negotiable and non-negotiable securities, bonds, notes, checks, drafts, coupons, or other valuable instruments, documents or certificates, including tapes, computer disks, or other electronic or magnetic media, U. See N.Y. General Business Law 89-BBB
• Venue: The geographical location in which a case is tried.