Oregon Statutes > Chapter 273 > Adjusting Certain Erroneous Sales
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Terms Used In Oregon Statutes > Chapter 273 > Adjusting Certain Erroneous Sales
- Affidavit: A written statement of facts confirmed by the oath of the party making it, before a notary or officer having authority to administer oaths.
- Board: means the State Land Board. See Oregon Statutes 273.006
- Department: means the Department of State Lands. See Oregon Statutes 273.006
- Fair market value: The price at which an asset would change hands in a transaction between a willing, informed buyer and a willing, informed seller.
- Land: includes water, water rights, easements of every nature and all appurtenances to land. See Oregon Statutes 273.006
- Settlement: Parties to a lawsuit resolve their difference without having a trial. Settlements often involve the payment of compensation by one party in satisfaction of the other party's claims.