Terms Used In Vermont Statutes Title 9 Sec. 2a-203

• Contract: A legal written agreement that becomes binding when signed.
• Lease: means a transfer of the right to possession and use of goods for a term in return for consideration, but a sale, including a sale on approval or a sale or return, or retention or creation of a security interest is not a lease. See
• 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}
• Lease contract: means the total legal obligation that results from the lease agreement as affected by this article and any other applicable rules of law. See
• seal: shall include an impression of the official seal made upon paper alone or by means of a wafer or wax affixed thereto. See