Terms Used In Indiana Code > Title 5 > Article 1.4 - Local Public Improvement Bond Banks

• 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.
• agritourism activity: means :

  Indiana Code 34-31-9-2

• agritourism provider: means a person who provides the opportunity for agritourism activities whether or not the participant pays to participate in the activity. See Indiana Code 34-31-9-3
• Annuity: A periodic (usually annual) payment of a fixed sum of money for either the life of the recipient or for a fixed number of years. A series of payments under a contract from an insurance company, a trust company, or an individual. Annuity payments are made at regular intervals over a period of more than one full year.
• Appeal: A request made after a trial, asking another court (usually the court of appeals) to decide whether the trial was conducted properly. To make such a request is "to appeal" or "to take an appeal." One who appeals is called the appellant.
• Appraisal: A determination of property value.
• Appropriation: The provision of funds, through an annual appropriations act or a permanent law, for federal agencies to make payments out of the Treasury for specified purposes. The formal federal spending process consists of two sequential steps: authorization
• Arrest: Taking physical custody of a person by lawful authority.
• asbestos claim: means any claim for damages, losses, indemnification, contribution, or other relief concerning asbestos, including:

  Indiana Code 34-31-8-1

• Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
• Attachment: A procedure by which a person's property is seized to pay judgments levied by the court.
• Autism: means a neurological condition as described in the most recent edition of the Diagnostic and Statistical Manual of Mental Disorders of the American Psychiatric Association. See Indiana Code 1-1-4-5
• Bankruptcy: Refers to statutes and judicial proceedings involving persons or businesses that cannot pay their debts and seek the assistance of the court in getting a fresh start. Under the protection of the bankruptcy court, debtors may discharge their debts, perhaps by paying a portion of each debt. Bankruptcy judges preside over these proceedings.
• Beneficiary: A person who is entitled to receive the benefits or proceeds of a will, trust, insurance policy, retirement plan, annuity, or other contract. ^{Source: OCC}
• buyback vehicle: has the meaning set forth in Indiana Code 34-30-34-1
• Case law: The law as laid down in cases that have been decided in the decisions of the courts.
• Common law: The legal system that originated in England and is now in use in the United States. It is based on judicial decisions rather than legislative action.
• community use physical fitness activity: means an activity in which the general public is invited to use:

  Indiana Code 34-31-10-3

• Complaint: A written statement by the plaintiff stating the wrongs allegedly committed by the defendant.
• consular identification: means an identification, other than a passport, issued by the government of a foreign state for the purpose of providing consular services in the United States to a national of the foreign state. See Indiana Code 34-28-8.2-1
• 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.
• corporation: means a corporation for profit, including a domestic corporation organized under Indiana law or a foreign corporation organized under the law of a jurisdiction other than Indiana. See Indiana Code 34-31-8-2
• creditor: means a person:

  Indiana Code 34-30-26-1

• Damages: Money paid by defendants to successful plaintiffs in civil cases to compensate the plaintiffs for their injuries.
• dealer: has the meaning set forth in Indiana Code 34-30-34-2
• Decedent: A deceased person.
• Defendant: In a civil suit, the person complained against; in a criminal case, the person accused of the crime.
• Discovery: Lawyers' examination, before trial, of facts and documents in possession of the opponents to help the lawyers prepare for trial.
• domestic animal: means a dog, cat, or other vertebrate animal that is domesticated and:

  Indiana Code 34-30-30-1

• Donee: The recipient of a gift.
• enforcement authority: has the meaning set forth in IC 36-7-9-2. See Indiana Code 34-30-26-2
• Escrow: Money given to a third party to be held for payment until certain conditions are met.
• Evidence: Information presented in testimony or in documents that is used to persuade the fact finder (judge or jury) to decide the case for one side or the other.
• Ex officio: Literally, by virtue of one's office.
• Executor: A male person named in a will to carry out the decedent
• Fair Debt Collection Practices Act: The Fair Debt Collection Practices Act is a set of United States statutes added as Title VIII of the Consumer Credit Protection Act. Its purpose is to ensure ethical practices in the collection of consumer debts and to provide consumers with an avenue for disputing and obtaining validation of debt information in order to ensure the information's accuracy. It is often used in conjunction with the Fair Credit Reporting Act. ^{Source: OCC}
• 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.
• Fiduciary: A trustee, executor, or administrator.
• Finance charge: The total cost of credit a customer must pay on a consumer loan, including interest. The Truth in Lending Act requires disclosure of the finance charge. ^{Source: OCC}
• firearm: has the meaning set forth in IC 35-47-1-5. See Indiana Code 34-28-8-1
• flexible fuel vehicle: means any vehicle that is equipped to operate when fueled entirely by E85. See Indiana Code 34-30-24-1
• 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}
• Fraud: Intentional deception resulting in injury to another.
• Garnishment: Generally, garnishment is a court proceeding in which a creditor asks a court to order a third party who owes money to the debtor or otherwise holds assets belonging to the debtor to turn over to the creditor any of the debtor
• Gift: A voluntary transfer or conveyance of property without consideration, or for less than full and adequate consideration based on fair market value.
• Guarantor: A party who agrees to be responsible for the payment of another party's debts should that party 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.
• Habeas corpus: A writ that is usually used to bring a prisoner before the court to determine the legality of his imprisonment. It may also be used to bring a person in custody before the court to give testimony, or to be prosecuted.
• health care provider: means the following:

  Indiana Code 34-30-12.5-2

• Highway: includes county bridges and state and county roads, unless otherwise expressly provided. See Indiana Code 1-1-4-5
• Indemnification: In general, a collateral contract or assurance under which one person agrees to secure another person against either anticipated financial losses or potential adverse legal consequences. ^{Source: FDIC}
• inherent risk of a physical fitness activity: means a condition, danger, or hazard that is an integral part of:

  Indiana Code 34-31-10-4

• Injunction: An order of the court prohibiting (or compelling) the performance of a specific act to prevent irreparable damage or injury.
• innocent successor corporation: means a corporation that:

  Indiana Code 34-31-8-3

• Inter vivos: Transfer of property from one living person to another living person.
• 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}
• 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
• land: means all real property, land, and water including all structures, fixtures, equipment, and machinery located on the property. See Indiana Code 34-31-9-5
• Lawsuit: A legal action started by a plaintiff against a defendant based on a complaint that the defendant failed to perform a legal duty, resulting in harm to the plaintiff.
• 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}
• Liabilities: The aggregate of all debts and other legal obligations of a particular person or legal entity.
• licensed physician: means :

  Indiana Code 34-30-15.5-2

• Lien: A claim against real or personal property in satisfaction of a debt.
• Litigation: A case, controversy, or lawsuit. Participants (plaintiffs and defendants) in lawsuits are called litigants.
• minor: means a person less than eighteen (18) years of age. See Indiana Code 1-1-4-5
• monetary consideration: means a fee or other charge for permission to go upon a tract of land. See Indiana Code 34-31-9-6
• motor vehicle: means an automobile, truck, or other conveyance that:

  Indiana Code 34-30-30-2

• necessary services: means the following:

  Indiana Code 34-30-25-1

• noneconomic damages: means costs for the following:

  Indiana Code 34-30-29.2-2

• Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.
• Oral argument: An opportunity for lawyers to summarize their position before the court and also to answer the judges' questions.
• owner: means a person that:

  Indiana Code 34-30-19.5-1

• participant: means any person, other than the agritourism provider, who engages in an agritourism activity. See Indiana Code 34-31-9-7
• participant: means a person who is engaging in a community use physical fitness activity. See Indiana Code 34-31-10-5
• 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.
• person: means :

  Indiana Code 34-30-32-4

• person: means an individual, governmental entity, corporation, limited liability company, partnership, unincorporated association, or other legal or commercial entity. See Indiana Code 34-31-9-8
• Plaintiff: The person who files the complaint in a civil lawsuit.
• political subdivision: has the meaning set forth in IC 36-1-2-13. See Indiana Code 34-28-8-2
• Population: has the meaning set forth in Ind. See Indiana Code 1-1-4-5
• possessor of land: means a person who possesses any fee, reversionary, or easement interest in real property. See Indiana Code 34-31-11-1
• Power of attorney: A written instrument which authorizes one person to act as another's agent or attorney. The power of attorney may be for a definite, specific act, or it may be general in nature. The terms of the written power of attorney may specify when it will expire. If not, the power of attorney usually expires when the person granting it dies. ^{Source: OCC}
• premises: means real property and any appurtenant building or structure. See Indiana Code 34-30-32-5
• private employer: means :

  Indiana Code 34-28-8-3

• private property: means a property whose owner is a person other than the state of Indiana. See Indiana Code 34-30-19.5-2
• Probation: A sentencing alternative to imprisonment in which the court releases convicted defendants under supervision as long as certain conditions are observed.
• Property: includes personal and real property. See Indiana Code 1-1-4-5
• public employer: means :

  Indiana Code 34-28-8-4

• public official: means an elected or appointed official in the executive, legislative, or judicial branch of the state or a political subdivision, as well as an individual acting on behalf of a public employer, whether temporarily or permanently, including but not limited to, members of boards, committees, commissions, authorities, and other instrumentalities of the state or a political subdivision. See Indiana Code 34-28-8-5
• qualified person or entity: means any person or entity that sells, supplies, distributes, manufactures, or refines E85. See Indiana Code 34-30-24-1
• Quorum: The number of legislators that must be present to do business.
• real property: include lands, tenements, and hereditaments. See Indiana Code 1-1-4-5
• Real property: Land, and all immovable fixtures erected on, growing on, or affixed to the land.
• Remainder: An interest in property that takes effect in the future at a specified time or after the occurrence of some event, such as the death of a life tenant.
• required debt service reserve: means , as of the date of computation, the amount required to be on deposit in the reserve fund as provided by resolution or trust agreement of the bank. See Indiana Code 5-1.5-5-1
• reservoir conservancy district: means a reservoir conservancy district established under IC 14-33-24. See Indiana Code 34-30-31.5-1
• Restitution: The court-ordered payment of money by the defendant to the victim for damages caused by the criminal action.
• Revocable trust: A trust agreement that can be canceled, rescinded, revoked, or repealed by the grantor (person who establishes the trust).
• runaway or homeless youth: means an individual who:

  Indiana Code 34-30-25-2

• school: means a:

  Indiana Code 34-31-10-6

• Service of process: The service of writs or summonses to the appropriate party.
• 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.
• Subpoena: A command to a witness to appear and give testimony.
• successor asbestos related liability: means any liability that is related to an asbestos claim that was assumed or incurred by a corporation as a result of:

  Indiana Code 34-31-8-4

• Summons: Another word for subpoena used by the criminal justice system.
• Testify: Answer questions in court.
• Testimony: Evidence presented orally by witnesses during trials or before grand juries.
• Tort: A civil wrong or breach of a duty to another person, as outlined by law. A very common tort is negligent operation of a motor vehicle that results in property damage and personal injury in an automobile accident.
• transferor corporation: means a corporation from which a successor asbestos related liability was assumed or incurred. See Indiana Code 34-31-8-5
• trespasser: means a person who enters or remains on real property of another person without:

  Indiana Code 34-31-11-2

• Trustee: A person or institution holding and administering property in trust.
• 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}
• User fees: Fees charged to users of goods or services provided by the government. In levying or authorizing these fees, the legislature determines whether the revenue should go into the treasury or should be available to the agency providing the goods or services.
• Venue: The geographical location in which a case is tried.
• Verified: when applied to pleadings, means supported by oath or affirmation in writing. See Indiana Code 1-1-4-5
• watercraft: means any instrumentality or device in or by means of which a person may be transported upon a body of water, including:

  Indiana Code 34-30-31.5-3

• wellness program: means any board, committee, commission, group, organization, or other entity that provides services by licensed health care providers and physician peer coaches for the purpose of evaluating or addressing issues concerning the wellness of licensed physicians and career fatigue in licensed physicians. See Indiana Code 34-30-15.5-3
• youth shelter: means an entity that:

  Indiana Code 34-30-25-3