Terms Used In Texas Business and Commerce Code Chapter 51 > Subchapter C - Bond, Trust Account, or Letter of Credit

• Bailiff: a court officer who enforces the rules of behavior in courtrooms.
• Damages: Money paid by defendants to successful plaintiffs in civil cases to compensate the plaintiffs for their injuries.
• Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.
• Trust account: A general term that covers all types of accounts in a trust department, such as estates, guardianships, and agencies. ^{Source: OCC}
• Trustee: A person or institution holding and administering property in trust.