Definitions of Terms

Definition: For the purposes of Sections 4A-102 and 4A-103, an item that is owned and has monetary value. Assets include, but are not limited to: stocks, bonds, sector mutual funds, sector exchange traded funds, commodity futures, investment real estate, beneficial interests in trusts, business interests, and partnership interests. Assets do not include: personal residences; personal vehicles; savings or checking accounts; bonds, notes, or securities issued by any branch of federal, state or local government; Medicare benefits; inheritances or bequests, other than beneficial interests in trusts; diversified funds; annuities; pensions, including government pensions; retirement accounts; college savings plans that are qualified tuition plans; qualified tax-advantaged savings programs that allow individuals to save for disability-related expenses; or tangible personal property.

Definition: For the purposes of Sections 4A-102 and 4A-103, any money or monetary obligation owed at any time during the preceding calendar year to an individual, company, or other organization, other than a loan from a financial institution, government agency, or business entity that is granted on terms made available to the general public. Debt includes, but is not limited to: personal loans from friends or business associates, business loans made outside the lender’s regular course of business, and loans made at below market rates. Debt does not include: (i) debts to or from financial institutions or government entities, such as mortgages, student loans, credit card debts, or loans secured by automobiles, household furniture, or appliances, so long as those loans were made on terms available to the general public and do not exceed the purchase price of the items securing them; (ii) debts to or from a political committee registered with the Illinois State Board of Elections or political committees, principal campaign committees, or authorized committees registered with the Federal Election Commission; or (iii) a loan from a member of the filer’s family not known by the filer to be registered to lobby under the Lobbyist Registration Act.

Definition: Investment products, such as mutual funds, exchange traded funds, or unit investment trusts, that invest in a wide variety of securities across multiple sectors or asset classes. Diversified funds do not include sector funds.

Definition: For the purposes of Sections 4A-102 and 4A-103, any joint or shared ownership interests in businesses and creditor-debtor relationships with third parties, other than commercial lending institutions, where: (a) the filer is entitled to receive (i) more than 7.5% of the total distributable income, or (ii) an amount in excess of the salary of the Governor; or (b) the filer together with his or her spouse or minor children is entitled to receive (i) more than 15%, in the aggregate, of the total distributable income, or (ii) an amount in excess of 2 times the salary of the Governor.

Definition: For the purposes of Sections 4A-102 and 4A-103, a filer’s spouse, children, step-children, parents, step-parents, siblings, step-siblings, half-siblings, sons-in-law, daughters-in-law, grandparents, and grandchildren, as well as the parents and grandparents of the filer’s spouse, and any person living with the filer.

Definition: For the purposes of Sections 4A-102 and 4A-103, pension income and any income from whatever source derived required to be reported on the filer’s federal income tax return, including, but not limited to: compensation received for services rendered or to be rendered, as required to be reported on Internal Revenue Service forms including Forms W-2, 1099, or K-1; earnings or capital gains from the sale of assets; profit; interest or dividend income from all assets; revenue from leases and rentals; royalties; prizes; awards; barter; forgiveness of debt; and earnings derived from annuities or trusts other than testamentary trusts. Income does not include compensation earned for service in the position that necessitates the filing of the statement of economic interests, investment or interest returns on items excluded from the definition of asset, or income from the sale of a personal residence or personal vehicle.

Definition: Any real property, other than a filer’s personal residences, purchased to produce a profit, whether from income or resale. Investment real estate may be described by the city and state where the real estate is located.

Definition: Engaging in activities that require registration under the Lobbyist Registration Act.

Definition: An individual who is required to be registered to engage in lobbying activities pursuant to the Lobbyist Registration Act.

Definition: For the purposes of Sections 4A-102 and 4A-103, a filer’s primary home residence and any residential real property held by the filer and used for residential rather than commercial or income-generating purposes.

Definition: Mutual funds or exchange traded funds invested in a particular industry or business.