Terms Used In Louisiana Revised Statutes > Title 23 > Chapter 10 > Part IV > Subpart C - Judgments

• Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
• Contract: A legal written agreement that becomes binding when signed.
• Department: means the state Department of Education. See Louisiana Revised Statutes 17:1970.2
• Interest rate: The amount paid by a borrower to a lender in exchange for the use of the lender's money for a certain period of time. Interest is paid on loans or on debt instruments, such as notes or bonds, either at regular intervals or as part of a lump sum payment when the issue matures. ^{Source: OCC}
• Jurisdiction: (1) The legal authority of a court to hear and decide a case. Concurrent jurisdiction exists when two courts have simultaneous responsibility for the same case. (2) The geographic area over which the court has authority to decide cases.
• Litigation: A case, controversy, or lawsuit. Participants (plaintiffs and defendants) in lawsuits are called litigants.
• 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.
• Office: means the office of workers' compensation administration established pursuant to La. See Louisiana Revised Statutes 23:1021
• person: includes a body of persons, whether incorporated or not. See Louisiana Revised Statutes 1:10
• School: means the Louis Armstrong High School for the Arts. See Louisiana Revised Statutes 17:1970.2
• State board: means the State Board of Elementary and Secondary Education. See Louisiana Revised Statutes 17:1970.2
• State superintendent: means the state superintendent of education. See Louisiana Revised Statutes 17:1970.2
• University: means the University of Louisiana at Lafayette. See Louisiana Revised Statutes 17:1970.2