Terms Used In Minnesota Statutes > Chapter 16A > MISCELLANEOUS FINANCING

• Appropriation: The provision of funds, through an annual appropriations act or a permanent law, for federal agencies to make payments out of the Treasury for specified purposes. The formal federal spending process consists of two sequential steps: authorization
• Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
• Chair: includes chairman, chairwoman, and chairperson. See Minnesota Statutes 645.44
• Decedent: A deceased person.
• Executor: A male person named in a will to carry out the decedent
• 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}
• Probate: Proving a will
• state: extends to and includes the District of Columbia and the several territories. See Minnesota Statutes 645.44
• Testator: A male person who leaves a will at death.
• Venue: The geographical location in which a case is tried.