Terms Used In Indiana Code > Title 5 > Article 2 > Chapter 6.2 - Project IMPACT

• 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.
• Amendment: A proposal to alter the text of a pending bill or other measure by striking out some of it, by inserting new language, or both. Before an amendment becomes part of the measure, thelegislature must agree to it.
• Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
• Attorney: includes a counselor or other person authorized to appear and represent a party in an action or special proceeding. See Indiana Code 1-1-4-5
• consent of the original manufacturer: includes consent:

  Indiana Code 35-43-7-1

• Contract: A legal written agreement that becomes binding when signed.
• 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.
• Damages: Money paid by defendants to successful plaintiffs in civil cases to compensate the plaintiffs for their injuries.
• Defendant: In a civil suit, the person complained against; in a criminal case, the person accused of the crime.
• Dependent: A person dependent for support upon another.
• 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.
• 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.
• 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}
• Forgery: The fraudulent signing or alteration of another's name to an instrument such as a deed, mortgage, or check. The intent of the forgery is to deceive or defraud. ^{Source: OCC}
• Fraud: Intentional deception resulting in injury to another.
• 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.
• home improvement: means any alteration, repair, or other modification of residential property. See Indiana Code 35-43-6-3
• home improvement contract: means an oral or written agreement between a home improvement supplier and a consumer to make a home improvement and for which the contract price exceeds one hundred fifty dollars ($150). See Indiana Code 35-43-6-4
• home improvement supplier: means a person who engages in or solicits home improvement contracts whether or not the person deals directly with the consumer. See Indiana Code 35-43-6-6
• identification number: means a number, letter, or number and letter assigned to a product by the manufacturer of the product for the purpose of identifying the item. See Indiana Code 35-43-7-2
• in writing: include printing, lithographing, or other mode of representing words and letters. See Indiana Code 1-1-4-5
• 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}
• Lien: A claim against real or personal property in satisfaction of a debt.
• minor: means a person less than eighteen (18) years of age. See Indiana Code 1-1-4-5
• Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
• 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.
• party: means an individual who is:

  Indiana Code 35-43-9-1

• person: means an individual, corporation, business trust, estate, trust, partnership, association, cooperative, or any other legal entity. See Indiana Code 35-43-6-7
• person: means an individual, a corporation, a limited liability company, a partnership, a firm, an association, or another organization. See Indiana Code 35-43-9-2
• Personal property: includes goods, chattels, evidences of debt, and things in action. See Indiana Code 1-1-4-5
• Personal property: All property that is not real property.
• Probation: A sentencing alternative to imprisonment in which the court releases convicted defendants under supervision as long as certain conditions are observed.
• product: means the following items:

  Indiana Code 35-43-7-3

• Project IMPACT: refers to each of the affiliate organizations authorized under section 3(1) through 3(5) of this chapter. See Indiana Code 5-2-6.2-1
• Property: includes personal and real property. See Indiana Code 1-1-4-5
• 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.
• receiving: means acquiring possession or control of or title to property, or lending on the security of property. See Indiana Code 35-43-4-1
• Restitution: The court-ordered payment of money by the defendant to the victim for damages caused by the criminal action.
• timber: includes standing or felled trees and logs that can be used for any of the following:

  Indiana Code 35-43-8-1