Terms Used In Connecticut General Statutes > Chapter 584 - Industrial Revenue Bond Mortgage Insurance Fund

• Amortization: Paying off a loan by regular installments.
• Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
• chief executive officer: means the chief executive officer of Connecticut Innovations, Incorporated appointed pursuant to section 32-38. See Connecticut General Statutes 32-61
• 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.
• corporation: means Connecticut Innovations, Incorporated created under subsection (a) of section 32-35. See Connecticut General Statutes 32-61
• eligible financial institution: means an eligible financial institution as defined in section 32-65. See Connecticut General Statutes 32-61
• Evidence: Information presented in testimony or in documents that is used to persuade the fact finder (judge or jury) to decide the case for one side or the other.
• Executor: A male person named in a will to carry out the decedent
• Fiduciary: A trustee, executor, or administrator.
• 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}
• Fraud: Intentional deception resulting in injury to another.
• insurance fund: means the Revenue Bond Mortgage Insurance Fund created under section 32-62. See Connecticut General Statutes 32-61
• loan: means loans, notes, bonds or other forms of indebtedness related to the financing or refinancing of a project by the corporation or an eligible financial institution, or any participation or other interest therein, however evidenced, or any pool or portion of the foregoing. See Connecticut General Statutes 32-61
• Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
• 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.
• project: means a project as defined in subsection (d) of section 32-23d. See Connecticut General Statutes 32-61
• Real property: Land, and all immovable fixtures erected on, growing on, or affixed to the land.
• state: means the state of Connecticut. See Connecticut General Statutes 32-61
• Trustee: A person or institution holding and administering property in trust.