#Chapter 47f north carolina trial#

Mortgage: The written agreement pledging property to a creditor as collateral for a loan.month: shall be construed to mean a calendar month, unless otherwise expressed and the word 'year' a calendar year, unless otherwise expressed and the word 'year' alone shall be equivalent to the expression 'year of our Lord.Participants (plaintiffs and defendants) in lawsuits are called litigants. Litigation: A case, controversy, or lawsuit.Lien: A claim against real or personal property in satisfaction of a debt.Liabilities: The aggregate of all debts and other legal obligations of a particular person or legal entity.Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent).Interest is paid on loans or on debt instruments, such as notes or bonds, either at regular intervals or as part of a lump sum payment when the issue matures. Interest rate: The amount paid by a borrower to a lender in exchange for the use of the lender's money for a certain period of time.Indemnification: In general, a collateral contract or assurance under which one person agrees to secure another person against either anticipated financial losses or potential adverse legal consequences.in writing: may be construed to include printing, engraving, lithographing, and any other mode of representing words and letters: Provided, that in all cases where a written signature is required by law, the same shall be in a proper handwriting, or in a proper mark.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.following: when used by way of reference to any section of a statute, shall be construed to mean the section next preceding or next following that in which such reference is made unless when some other section is expressly designated in such reference.The fiscal year is designated by the calendar year in which it ends for example, fiscal year 2006 begins on Octoand ends on September 30, 2006. For the federal government, this begins on October 1 and ends on September 30. Fiscal year: The fiscal year is the accounting period for the government.Fiduciary: A trustee, executor, or administrator.Evidence: Information presented in testimony or in documents that is used to persuade the fact finder (judge or jury) to decide the case for one side or the other.Deed: The legal instrument used to transfer title in real property from one person to another.Damages: Money paid by defendants to successful plaintiffs in civil cases to compensate the plaintiffs for their injuries.Counterclaim: A claim that a defendant makes against a plaintiff.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.Contract: A legal written agreement that becomes binding when signed.Complaint: A written statement by the plaintiff stating the wrongs allegedly committed by the defendant.Clerk of court: An officer appointed by the court to work with the chief judge in overseeing the court's administration, especially to assist in managing the flow of cases through the court and to maintain court records.Beneficiary: A person who is entitled to receive the benefits or proceeds of a will, trust, insurance policy, retirement plan, annuity, or other contract.Bankruptcy judges preside over these proceedings. Under the protection of the bankruptcy court, debtors may discharge their debts, perhaps by paying a portion of each debt. Bankruptcy: Refers to statutes and judicial proceedings involving persons or businesses that cannot pay their debts and seek the assistance of the court in getting a fresh start.Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.To make such a request is 'to appeal' or 'to take an appeal.' One who appeals is called the appellant.

#Chapter 47f north carolina trial#

Appeal: A request made after a trial, asking another court (usually the court of appeals) to decide whether the trial was conducted properly.Before an amendment becomes part of the measure, thelegislature must agree to it. Amendment: A proposal to alter the text of a pending bill or other measure by striking out some of it, by inserting new language, or both.Terms Used In North Carolina General Statutes > Chapter 47F > Article 3 - Management of Planned Community