Terms Used In Minnesota Statutes > Chapter 135A > SENIOR CITIZENS HIGHER EDUCATION PROGRAM

• Adult: means an individual 18 years of age or older. See Minnesota Statutes 645.451
• 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.
• Contract: A legal written agreement that becomes binding when signed.
• 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.
• Person: may extend and be applied to bodies politic and corporate, and to partnerships and other unincorporated associations. See Minnesota Statutes 645.44
• Personal property: All property that is not real property.
• state: extends to and includes the District of Columbia and the several territories. See Minnesota Statutes 645.44
• Testify: Answer questions in court.