Terms Used In New York Laws > General Business > Article 13-B - Appraisers of Jewelry, Works of Art, Watches and Objects Made From or Containing Precious Stones or Metals

• Appraisal: A determination of property value.
• Appraiser: shall mean any person or persons, firm, partnership, corporation or association or any officer, director, employee or agent thereof who purports to ascertain and state the true value of property. See N.Y. General Business Law 239
• authority: shall mean the corporation created by section thirteen hundred seventy-eight of this title. See N.Y. Public Authorities Law 1376
• city: shall mean the city of Ogdensburg. See N.Y. Public Authorities Law 1376
• Contract: A legal written agreement that becomes binding when signed.
• 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.
• Damages: Money paid by defendants to successful plaintiffs in civil cases to compensate the plaintiffs for their injuries.
• district: shall mean the Ogdensburg port authority district created by section thirteen hundred seventy-seven of this title. See N.Y. Public Authorities Law 1376
• 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.
• Partnership: A voluntary contract between two or more persons to pool some or all of their assets into a business, with the agreement that there will be a proportional sharing of profits and losses.
• port facilities: shall mean , among other things, wharfs, docks, refrigerating plants, warehouses, elevators, freight-handling piers, terminals, railroad tracks or terminals, cold storage and machinery and such equipment as is used in the handling of freight and the establishment and operation of a port, and work of deepening parts of the St. See N.Y. Public Authorities Law 1376
• Property: shall mean jewelry, watches, and objects made from or containing precious stones or metals. See N.Y. General Business Law 239