Terms Used In Connecticut General Statutes > Chapter 129 - Connecticut Housing Authority: Housing Projects

• 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.
• Amortization: Paying off a loan by regular installments.
• banks: shall include all incorporated banks. See Connecticut General Statutes 1-1
• 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.
• Foreclosure: A legal process in which property that is collateral or security for a loan may be sold to help repay the loan when the loan is in default. ^{Source: OCC}
• housing projects: means any projects developed or administered pursuant to chapter 128. See Connecticut General Statutes 8-122
• 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}
• Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
• Personal property: All property that is not real property.
• savings banks: shall include savings banks, societies for savings and savings societies. See Connecticut General Statutes 1-1
• Trustee: A person or institution holding and administering property in trust.