Terms Used In Minnesota Statutes > Chapter 216B > ACCOUNTING, MERCURY COSTS, DEPRECIATION

• Amortization: Paying off a loan by regular installments.
• Fiscal year: The fiscal year is the accounting period for the government. For the federal government, this begins on October 1 and ends on September 30. The fiscal year is designated by the calendar year in which it ends; for example, fiscal year 2006 begins on October 1, 2005 and ends on September 30, 2006.
• 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.
• Minority: means with respect to an individual the period of time during which the individual is a minor. See Minnesota Statutes 645.451
• Oversight: Committee review of the activities of a Federal agency or program.
• state: extends to and includes the District of Columbia and the several territories. See Minnesota Statutes 645.44
• verified: when used in reference to writings, means supported by oath or affirmation. See Minnesota Statutes 645.45