Connecticut General Statutes > Chapter 821a – Forms of Deeds and Mortgages
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Terms Used In Connecticut General Statutes > Chapter 821a - Forms of Deeds and Mortgages
- Attachment: A procedure by which a person's property is seized to pay judgments levied by the court.
- attorney: means a person acting pursuant to a power of attorney executed and acknowledged in the manner provided for conveyances. See Connecticut General Statutes 47-36a
- 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.
- Deed: The legal instrument used to transfer title in real property from one person to another.
- Executor: A male person named in a will to carry out the decedent
- Fee simple: Absolute title to property with no limitations or restrictions regarding the person who may inherit it.
- Grantor: The person who establishes a trust and places property into it.
- his heirs and assigns: means , in the case of a corporation, limited liability company or partnership, "its successors and assigns". See Connecticut General Statutes 47-36a
- Lien: A claim against real or personal property in satisfaction of a debt.
- Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
- Mortgagee: The person to whom property is mortgaged and who has loaned the money.
- mortgagee: include the plural and the masculine or feminine as the context requires and mean a natural person, a corporation, a limited liability company or a partnership. See Connecticut General Statutes 47-36a
- Mortgagor: The person who pledges property to a creditor as collateral for a loan and who receives the money.
- 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.
- Partnership: A voluntary contract between two or more persons to pool some or all of their assets into a business, with the agreement that there will be a proportional sharing of profits and losses.
- 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
- Probate: Proving a will
- Real property: Land, and all immovable fixtures erected on, growing on, or affixed to the land.
- Right of survivorship: The ownership rights that result in the acquisition of title to property by reason of having survived other co-owners.
- Trustee: A person or institution holding and administering property in trust.