Illinois Compiled Statutes > 55 ILCS 5 > Article 7 > Division 7-1 – Continuation Of Prior Law
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| § 55 ILCS 5/7-1001 | Continuation of prior law |
Terms Used In Illinois Compiled Statutes > 55 ILCS 5 > Article 7 > Division 7-1 - Continuation Of Prior Law
- Amortization: Paying off a loan by regular installments.
- 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.
- Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
- State: when applied to different parts of the United States, may be construed to include the District of Columbia and the several territories, and the words "United States" may be construed to include the said district and territories. See Illinois Compiled Statutes 5 ILCS 70/1.14
- Statute: A law passed by a legislature.