Maryland Code, COMMERCIAL LAW 15-701
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Terms Used In Maryland Code, COMMERCIAL LAW 15-701
- Personal property: All property that is not real property.
(a) In this subtitle the following words have the meanings indicated.
(b) “Consumer debt” means any debt arising from a transaction for consumer goods as defined in § 9-109 of this article.
(c) “Offset” means the seizure by a bank of personal property, belonging to a customer, in the bank’s possession or under its control on deposit to settle delinquent debts.