loading…
loading…
loading…
THIRD PARTY—Any individual, entity or program that is or may be liable to pay all or part of the medical costs of injury, disease or disability of an applicant or recipient. TIME DEPOSIT—A contract between an individual and a financial institution where the individual deposits funds for a specified period of time. TRANSFER DATE—The date on which delivery is made on a valid transfer. TRANSFER OF PROPERTY—Giving to another the legal or individual proportionate right or title to real or personal property or a stream of income. Transfers to joint tenancy or to tenancy in common are included in this definition. Includes such actions as selling property, giving property away, establishing a trust, contributing to a charity or other organization, removing one’s name from a joint bank account, adding another’s name to a deed or account, or forgiving a debt. TRANSPORTATION—Travel by public conveyance or private vehicle to secure medically necessary examination and treatment. Transportation does not include ambulance service or specialized transportation for the disabled. TRIAL WORK PERIOD—A period during which an SSI or SSDIB recipient may test his/her ability to work. During this period, the person is considered disabled. TRUST—Any arrangement in which a grantor transfers property (real or personal) with the intention that it be held, managed, or administered by a trustee(s) for the benefit of the grantor or other beneficiary(ies). Trusts are managed by individuals or entities with fiduciary obligations and may include (but are not limited to): 1. escrow accounts, 2. investment accounts, 3. future medical care accounts, and 4. other similar arrangements. A trust may or may not include the word “trust” in the document. TRUST BENEFICIARY—The individual designated in the trust instrument as benefiting in some way from the trust. The beneficiary can be the grantor or another individual. The beneficiary is sometimes referred to as the “beneficial owner” and has a “beneficial interest” in the trust. TRUST GRANTOR—The entity that creates the trust. The grantor may be any person, including a court or administrative body, with legal authority to act on behalf of the individual; or any person, including a court or administrative body, acting at the direction or request of the individual (aka the donor or trustor). TRUST PRINCIPAL—The real or personal property that is the object of a trust. TRUSTEE—Any individual(s) or entity (e.g., an insurance company or bank) that manages a trust and has fiduciary responsibilities. Sometimes referred to as the fiduciary or fiduciary owner. TRUSTOR—The entity that creates a trust. The trustor (a.k.a. “grantor”) may be any person or entity, including a court or administrative body, with legal authority to act on behalf of the individual or any person, including a court of administrative body, acting at the direction or request of the individual (aka Grantor). U UC or UIB—Unemployment Compensation or Unemployment Insurance Benefits USCIS—United States Citizenship & Immigration Services (formerly INS)