Terms Used In Oregon Statutes > Chapter 287A > Authority for Borrowing > Debt Limits

• Articles: means articles of incorporation, articles of conversion or articles of merger. See Oregon Statutes 62.015
• Bond: means a contractual undertaking or instrument of a public body to repay borrowed moneys. See Oregon Statutes 287A.001
• Cooperative: means a cooperative corporation that is subject to the provisions of this chapter. See Oregon Statutes 62.015
• Credit enhancement device: means a letter of credit, line of credit, standby bond purchase agreement, bond insurance policy, reserve surety bond or other device or facility used to enhance the creditworthiness, liquidity or marketability of bonds or agreements for exchange of interest rates. See Oregon Statutes 287A.001
• Escrow: Money given to a third party to be held for payment until certain conditions are met.
• Member: means a person that is qualified and accepted for membership in a cooperative. See Oregon Statutes 62.015
• Person: means an individual, corporation, association, firm, partnership, joint stock company, cooperative or foreign cooperative. See Oregon Statutes 62.015
• public body: means state government bodies, local government bodies and special government bodies. See Oregon Statutes 174.109
• Trustee: A person or institution holding and administering property in trust.