Terms Used In Maine Revised Statutes Title 38 Sec. 2211

• Agency: means the Finance Authority of Maine. See Maine Revised Statutes Title 38 Sec. 2211
• Bond: means revenue obligation security. See Maine Revised Statutes Title 38 Sec. 2211
• Contract: A legal written agreement that becomes binding when signed.
• 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.
• Cost of project: means the cost or value of land, buildings, real estate improvements, labor, materials, machinery and equipment, property rights, easements, franchises, financing charges, interest, engineering and legal services, plans, specifications, surveys, cost estimates, studies and other expenses as may be necessary or incidental to the development, construction, acquisition, financing and placing in operation of an eligible project. See Maine Revised Statutes Title 38 Sec. 2211
• Eligible collateral: means an eligible project. See Maine Revised Statutes Title 38 Sec. 2211
• Eligible project: means any waste facility or the capital costs of any waste disposal service including, but not limited to, real property, personal property, machinery and equipment and related expenses. See Maine Revised Statutes Title 38 Sec. 2211
• 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.
• Facility: means an eligible project or eligible collateral. See Maine Revised Statutes Title 38 Sec. 2211
• financial assistance: means guarantees, leases, insurance, financing credits, loans or the purchase or discounts thereof, letters of credit, financing assistance payments, grants or other financial aid. See Maine Revised Statutes Title 38 Sec. 2211
• Financial document: means a lease, installment sale agreement, conditional sale agreement, note, mortgage, loan agreement or other instrument pertaining to an extension of financial assistance. See Maine Revised Statutes Title 38 Sec. 2211
• Grantee: means the person to whom a freehold estate or interest in land is conveyed. See Maine Revised Statutes Title 1 Sec. 72
• Lease: means a contract providing for the use of a project or portions of a project for a term of years for a designated or determinable rent. See Maine Revised Statutes Title 38 Sec. 2211
• 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 a tenant under a lease and may include an installment purchaser. See Maine Revised Statutes Title 38 Sec. 2211
• Lien: A claim against real or personal property in satisfaction of a debt.
• Maturity date: means the date on which final payment is due as provided in a note, revenue obligation security or other financial document. See Maine Revised Statutes Title 38 Sec. 2211
• Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
• Mortgage: means an agreement granting a lien on, or a security interest in, eligible collateral with certain conditions and includes, but is not limited to, a mortgage of real estate, an assignment of rents, a pledge or a security agreement. See Maine Revised Statutes Title 38 Sec. 2211
• Mortgagor: The person who pledges property to a creditor as collateral for a loan and who receives the money.
• Mortgagor: means the grantor or party giving rights to eligible collateral pursuant to a mortgage and includes the successors or assigns of a mortgagor. See Maine Revised Statutes Title 38 Sec. 2211
• Municipality: includes cities, towns and plantations, except that "municipality" does not include plantations in Title 10, chapter 110, subchapter IV; or Title 30?A, Part 2. See Maine Revised Statutes Title 1 Sec. 72
• Note: means an evidence of indebtedness and includes a revenue obligation security. See Maine Revised Statutes Title 38 Sec. 2211
• 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.
• Personal property: All property that is not real property.
• Real estate: includes lands and all tenements and hereditaments connected therewith, and all rights thereto and interests therein. See Maine Revised Statutes Title 1 Sec. 72
• Real property: Land, and all immovable fixtures erected on, growing on, or affixed to the land.
• Rent or rental: means payments under a lease. See Maine Revised Statutes Title 38 Sec. 2211
• security: means a note, bond, interim certificate, debenture or other evidence of indebtedness, payment of which is secured by a pledge of revenues, as provided in this article or by assignment or pledge of other eligible collateral. See Maine Revised Statutes Title 38 Sec. 2211