Illinois Compiled Statutes > 105 ILCS 110 – Critical Health Problems and Comprehensive Health Education Act

Ask a legal question, get an answer ASAP!
Click here to chat with a lawyer about your rights.

Terms Used In Illinois Compiled Statutes > 105 ILCS 110 - Critical Health Problems and Comprehensive Health Education Act

• Adjourn : A motion to adjourn a legislative chamber or a committee, if passed, ends that day's session.
• Affidavit : A written statement of facts confirmed by the oath of the party making it, before a notary or officer having authority to administer oaths.
• Amortization : Paying off a loan by regular installments.
• Annual percentage rate : The cost of credit at a yearly rate. It is calculated in a standard way, taking the average compound interest rate over the term of the loan so borrowers can compare loans. Lenders are required by law to disclose a card account's APR. Source: FDIC
• Answer : The formal written statement by a defendant responding to a civil complaint and setting forth the grounds for defense.
• Appellate : About appeals; an appellate court has the power to review the judgement of another lower court or tribunal.
• Appraisal : A determination of property value.
• Appropriation : The provision of funds, through an annual appropriations act or a permanent law, for federal agencies to make payments out of the Treasury for specified purposes. The formal federal spending process consists of two sequential steps: authorization
• Assets : (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
• Carrier : means any motor carrier or rail carrier other than a private carrier. See Illinois Compiled Statutes 625 ILCS 5/18c-1104
• Commission : means the Illinois Commerce Commission. See Illinois Compiled Statutes 625 ILCS 5/18c-1104
• Commission regulations and orders : means rules and regulations adopted and orders or decisions issued by the Commission pursuant to this Chapter; any certificate, permit, broker's license or other license or registration issued pursuant to such rules, regulations, orders and decisions; and all terms, conditions, or limitations thereof. See Illinois Compiled Statutes 625 ILCS 5/18c-1104
• Common law : The legal system that originated in England and is now in use in the United States. It is based on judicial decisions rather than legislative action.
• Deed : The legal instrument used to transfer title in real property from one person to another.
• Deposition : An oral statement made before an officer authorized by law to administer oaths. Such statements are often taken to examine potential witnesses, to obtain discovery, or to be used later in trial.
• Equitable : Pertaining to civil suits in "equity" rather than in "law." In English legal history, the courts of "law" could order the payment of damages and could afford no other remedy. See damages. A separate court of "equity" could order someone to do something or to cease to do something. See, e.g., injunction. In American jurisprudence, the federal courts have both legal and equitable power, but the distinction is still an important one. For example, a trial by jury is normally available in "law" cases but not in "equity" cases. Source: U.S. Courts
• Escrow : Money given to a third party to be held for payment until certain conditions are met.
• Fiduciary : A trustee, executor, or administrator.
• Finance charge : The total cost of credit a customer must pay on a consumer loan, including interest. The Truth in Lending Act requires disclosure of the finance charge. Source: OCC
• 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.
• Forbearance : A means of handling a delinquent loan. A
• Foreclosure : A legal process in which property that is collateral or security for a loan may be sold to help repay the loan when the loan is in default. Source: OCC
• Fraud : Intentional deception resulting in injury to another.
• Guarantor : A party who agrees to be responsible for the payment of another party's debts should that party default. Source: OCC
• Guardian : A person legally empowered and charged with the duty of taking care of and managing the property of another person who because of age, intellect, or health, is incapable of managing his (her) own affairs.
• Household goods : means :
  (A) Personal effects and property used or to be used