Terms Used In New York Laws > Navigation > Article 4 > Part 3 - Pleasure Vessels

• Answer: The formal written statement by a defendant responding to a civil complaint and setting forth the grounds for defense.
• Conviction: A judgement of guilt against a criminal defendant.
• 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.
• Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). ^{Source: OCC}
• Remainder: An interest in property that takes effect in the future at a specified time or after the occurrence of some event, such as the death of a life tenant.