Terms Used In Iowa Code > Chapter 539 - Assignment of Accounts and Nonnegotiable Instruments

• Account: means the same as defined in section 554. See Iowa Code 554E.1
• Counterclaim: A claim that a defendant makes against a plaintiff.
• Money: means the same as defined in section 554. See Iowa Code 554E.1
• person: means individual, corporation, limited liability company, government or governmental subdivision or agency, business trust, estate, trust, partnership or association, or any other legal entity. See Iowa Code 4.1
• property: includes personal and real property. See Iowa Code 4.1
• Sale: means any sale, offer for sale, or attempt to sell or lease any land, to the public in this state, for cash or on credit. See Iowa Code 543C.1
• Uniform Commercial Code: A set of statutes enacted by the various states to provide consistency among the states' commercial laws. It includes negotiable instruments, sales, stock transfers, trust and warehouse receipts, and bills of lading. ^{Source: OCC}