Terms Used In Maine Revised Statutes > Title 20-A > Part 4 > Subpart 3 > Chapter 323 - Private Business, Trade and Technical Schools

• Allegation: something that someone says happened.
• Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
• Commissioner: means the Commissioner of Education or the commissioner's designee. See Maine Revised Statutes Title 20-A Sec. 1
• Department: means the Department of Education. See Maine Revised Statutes Title 20-A Sec. 1
• Fraud: Intentional deception resulting in injury to another.
• 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}
• 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.
• Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
• Plaintiff: The person who files the complaint in a civil lawsuit.
• Statute: A law passed by a legislature.
• Subpoena: A command to a witness to appear and give testimony.