Terms Used In South Carolina Code > Title 25 > Chapter 21 - Veterans' Trust Fund

• 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.
• Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
• 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.
• Deed: The legal instrument used to transfer title in real property from one person to another.
• Ex officio: Literally, by virtue of one's office.
• 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.
• property: as used in this Title , includes both real and personal property. See South Carolina Code 15-1-50
• real estate: as used in this Title are coextensive with lands, tenements and hereditaments. See South Carolina Code 15-1-30
• Testimony: Evidence presented orally by witnesses during trials or before grand juries.