Administrator:
(1) A person appointed by the court to handle the assets and liabilities of a decedent, typically when the deceased died without a will (interstate).
(2) The official or agency that is empowered to supervise or conduct the Uniform Securities Act in each state.
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Advance Refunding: A method of eliminating a bond as an obligation of the issuer. This is accomplished by issuing a new bond issue and using the proceeds to purchase government obligations which will be escrowed Read more…
Advance Refunded Bonds: Bonds whose debt service is paid by escrowed funds. Also called Prerefunded Bonds. Escrow: Money or securities held by a third party until conditions of a contract are met. Advertisement Learn more Read more…
Ad Valorem Tax: A tax based on the assessed value of real property. Assessed Valuation: The value of real estate is used for tax purposes. Real Property: Real estate such as land and/or buildings. Note: Read more…
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