Terms Used In Delaware Code > Title 18 > Chapter 27 > Subchapter II - Readability of Automobile Insurance Policy Forms

• Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
• Escrow: Money given to a third party to be held for payment until certain conditions are met.
• Power of attorney: A written instrument which authorizes one person to act as another's agent or attorney. The power of attorney may be for a definite, specific act, or it may be general in nature. The terms of the written power of attorney may specify when it will expire. If not, the power of attorney usually expires when the person granting it dies. ^{Source: OCC}
• State: means the State of Delaware; and when applied to different parts of the United States, it includes the District of Columbia and the several territories and possessions of the United States. See Delaware Code Title 1 Sec. 302