Oregon Statutes > Chapter 328 > Oregon School Bond Guaranty Act
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Terms Used In Oregon Statutes > Chapter 328 > Oregon School Bond Guaranty Act
- Any other state: includes any state and the District of Columbia. See Oregon Statutes 174.100
- Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
- Escrow: Money given to a third party to be held for payment until certain conditions are met.
- Foreclosure: A legal process in which property that is collateral or security for a loan may be sold to help repay the loan when the loan is in default. Source: OCC
- Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
- 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.
- School district: includes common and union high school districts. See Oregon Statutes 328.001