Florida Regulations > Chapter 1A-40 – Administration of Permanent Collections
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Terms Used In Florida Regulations > Chapter 1A-40 - Administration of Permanent Collections
- Appraisal: A determination of property value.
- Bequest: Property gifted by will.
- Contract: A legal written agreement that becomes binding when signed.
- Deed: The legal instrument used to transfer title in real property from one person to another.
- Donor: The person who makes a gift.
- Gift: A voluntary transfer or conveyance of property without consideration, or for less than full and adequate consideration based on fair market value.