New Mexico Statutes > Chapter 24 > Article 27 – Annotations
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Terms Used In New Mexico Statutes > Chapter 24 > Article 27 - Annotations
- 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.
- 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.