Terms Used In Indiana Code > Title 15 > Article 12 - Agricultural Assistance Organizations and Programs

• Affirmed: In the practice of the appellate courts, the decree or order is declared valid and will stand as rendered in the lower court.
• agricultural products: includes horticultural, viticultural, forestry, dairy, livestock, grain, poultry, bee, and any other farm product. See Indiana Code 15-12-1-3
• all terrain vehicle: has the meaning set forth in Indiana Code 15-12-3-2
• Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
• association: means any corporation organized under or governed by this chapter. See Indiana Code 15-12-1-4
• Attachment: A procedure by which a person's property is seized to pay judgments levied by the court.
• Complaint: A written statement by the plaintiff stating the wrongs allegedly committed by the defendant.
• Conviction: A judgement of guilt against a criminal defendant.
• Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
• council: refers to the Indiana land resources council established by section 3 of this chapter. See Indiana Code 15-12-5-1
• current net price: means :

  Indiana Code 15-12-3-3

• Damages: Money paid by defendants to successful plaintiffs in civil cases to compensate the plaintiffs for their injuries.
• director: means the director of the Indiana state department of agriculture. See Indiana Code 15-12-2-1
• director: refers to the director of the Indiana state department of agriculture. See Indiana Code 15-12-5-2
• 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.
• farm or industrial machinery: means any of the following:

  Indiana Code 15-12-3-4

• Fiscal year: The fiscal year is the accounting period for the government. For the federal government, this begins on October 1 and ends on September 30. The fiscal year is designated by the calendar year in which it ends; for example, fiscal year 2006 begins on October 1, 2005 and ends on September 30, 2006.
• Foreclosure: A legal process in which property that is collateral or security for a loan may be sold to help repay the loan when the loan is in default. ^{Source: OCC}
• Guardian: A person legally empowered and charged with the duty of taking care of and managing the property of another person who because of age, intellect, or health, is incapable of managing his (her) own affairs.
• Injunction: An order of the court prohibiting (or compelling) the performance of a specific act to prevent irreparable damage or injury.
• Interest rate: The amount paid by a borrower to a lender in exchange for the use of the lender's money for a certain period of time. Interest is paid on loans or on debt instruments, such as notes or bonds, either at regular intervals or as part of a lump sum payment when the issue matures. ^{Source: OCC}
• Interrogatories: Written questions asked by one party of an opposing party, who must answer them in writing under oath; a discovery device in a lawsuit.
• inventory: means farm or industrial machinery held by a retailer. See Indiana Code 15-12-3-5
• Judgment: means all final orders, decrees, and determinations in an action and all orders upon which executions may issue. See Indiana Code 1-1-4-5
• Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). ^{Source: OCC}
• Litigation: A case, controversy, or lawsuit. Participants (plaintiffs and defendants) in lawsuits are called litigants.
• member: means the following:

  Indiana Code 15-12-1-5

• Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
• Mortgagee: The person to whom property is mortgaged and who has loaned the money.
• net cost: means :

  Indiana Code 15-12-3-6

• Oath: includes "affirmation" and "to swear" includes to "affirm". See Indiana Code 1-1-4-5
• Oath: A promise to tell the truth.
• Partnership: A voluntary contract between two or more persons to pool some or all of their assets into a business, with the agreement that there will be a proportional sharing of profits and losses.
• Patient Protection and Affordable Care Act: refers to the federal Patient Protection and Affordable Care Act (P. See Indiana Code 4-1-12-1
• person: includes the following:

  Indiana Code 15-12-1-6

• person: means an individual, a corporation, a limited liability company, a partnership, a trust, or an unincorporated association. See Indiana Code 15-12-3-7
• Precedent: A court decision in an earlier case with facts and law similar to a dispute currently before a court. Precedent will ordinarily govern the decision of a later similar case, unless a party can show that it was wrongly decided or that it differed in some significant way.
• Public law: A public bill or joint resolution that has passed both chambers and been enacted into law. Public laws have general applicability nationwide.
• Quorum: The number of legislators that must be present to do business.
• retailer: means a person engaged in the business of selling, at retail, farm or industrial machinery. See Indiana Code 15-12-3-8
• retainage: refers to various purchase, invoice, and other discounts held by the supplier and due the retailer at a later time. See Indiana Code 15-12-3-9
• state agency: means every agency, board, commission, department, bureau, or other entity of the administrative branch of Indiana state government. See Indiana Code 4-1-13-1
• Temporary restraining order: Prohibits a person from an action that is likely to cause irreparable harm. This differs from an injunction in that it may be granted immediately, without notice to the opposing party, and without a hearing. It is intended to last only until a hearing can be held.
• Year: means a calendar year, unless otherwise expressed. See Indiana Code 1-1-4-5