Terms Used In Utah Code > Title 11 > Chapter 14 > Part 5 - Government Security Interests

• 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.
• Division: means the Division of Consumer Protection. See Utah Code 13-53-102
• Human services program: means the same as that term is defined in Section 62A-2-101. See Utah Code 13-53-102
• 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}
• Lien: A claim against real or personal property in satisfaction of a debt.
• 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.
• Participant: means an individual who:

  (a)	resides at a residential, vocational and life skills program facility;

  (b)	receives from the residential, vocational and life skills program: (i)  vocational training; or (ii)  life skills training; and

  (c)

  does not receive monetary compensation from the residential, vocational and life skills program. See Utah Code 13-53-102 Postsecondary school: means the same as that term is defined in Section 13-34-101. See Utah Code 13-53-102 v2 Property: includes both real and personal property. See Utah Code 68-3-12.5 State: when applied to the different parts of the United States, includes a state, district, or territory of the United States. See Utah Code 68-3-12.5 Tort: A civil wrong or breach of a duty to another person, as outlined by law. A very common tort is negligent operation of a motor vehicle that results in property damage and personal injury in an automobile accident. Uniform Commercial Code: A set of statutes enacted by the various states to provide consistency among the states' commercial laws. It includes negotiable instruments, sales, stock transfers, trust and warehouse receipts, and bills of lading. Source: OCC