Rhode Island General Laws > Chapter 27-11.1 – Investments by Domestic Insurance Companies
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Terms Used In Rhode Island General Laws > Chapter 27-11.1 - Investments by Domestic Insurance Companies
- Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
- 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
- Liabilities: The aggregate of all debts and other legal obligations of a particular person or legal entity.
- Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
- Mortgage loan: A loan made by a lender to a borrower for the financing of real property. Source: OCC
- Real property: Land, and all immovable fixtures erected on, growing on, or affixed to the land.
- United States: include the several states and the territories of the United States. See Rhode Island General Laws 43-3-8