Terms Used In Iowa Code > Chapter 321F - Leasing and Renting of Vehicles

• Business: means the business of leasing motor vehicles for use by others for compensation. See Iowa Code 321F.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.
• Days: means calendar days. See Iowa Code 322G.2
• Director: means the director of transportation or the director's designee. See Iowa Code 321F.1
• 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.
• Judgment: means any judgment which shall have become final. See Iowa Code 321F.1
• Lease: means a written agreement providing for the leasing of a motor vehicle for a period of more than sixty days. See Iowa Code 321F.1
• 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}
• Lessee: means any consumer who leases a motor vehicle for one year or more pursuant to a written lease agreement which provides that the lessee is responsible for repairs to the motor vehicle. See Iowa Code 322G.2
• Lessor: means a person who holds the title to a motor vehicle leased to a lessee under a written lease agreement or who holds the lessor's rights under the agreement. See Iowa Code 322G.2
• Licensee: means a person licensed under the provisions of this chapter to engage in business. See Iowa Code 321F.1
• month: means a calendar month, and the word "year" and the abbreviation "A. See Iowa Code 4.1
• Motor vehicle: means every vehicle which is self-propelled and subject to registration under the laws of this state. See Iowa Code 321F.1
• 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 an individual, partnership, corporation, association, or other business entity. See Iowa Code 321F.1
• property: includes personal and real property. See Iowa Code 4.1
• road: include public bridges, and may be held equivalent to the words "county way" "county road" "common road" and "state road". See Iowa Code 4.1
• state: when applied to the different parts of the United States, includes the District of Columbia and the territories, and the words "United States" may include the said district and territories. See Iowa Code 4.1
• Vehicle: means any vehicle as defined in chapter 321. See Iowa Code 321H.2
• year: means twelve consecutive months. See Iowa Code 4.1