N.J. Admin. Code § 17:16-5.1
The following words and terms, when used in this subchapter, shall have the following meaning, unless the context clearly indicates otherwise:
"Cash collateral" means cash and cash equivalents delivered by a borrower to secure its obligations under a securities lending agreement.
"Cash equivalents" mean U.S. Treasury obligations, irrevocable bank letters of credit, or any other security which can be converted immediately to cash.
"Securities lending agent" means a third party engaged by the Division or the Treasurer to effect securities lending transactions on behalf of an eligible fund.
"Securities lending agreement" means a legal contract between a borrower and an eligible fund or a securities lending agent on behalf of an eligible fund, which governs the contractual obligations of the parties.
"Securities lending transactions" means arrangements whereby securities are loaned to a borrower in exchange for cash collateral. Ownership of the securities is transferred temporarily to the borrower.
N.J. Admin. Code § 17:16-5.1