ORS 286A.100 Definitions for ORS 286A.100 and 286A.102

As used in this section and ORS 286A.102:

“Obligation” means:

A bond;

An agreement for exchange of interest rates with the State of Oregon; or

A credit enhancement device given as additional security for a bond.

“Pledge” means:

To create a security interest in or a lien on property to secure payment or performance of an obligation, by mortgaging, assigning or encumbering property or by creating a security interest in property by any other manner.

A security interest in or lien on property created under paragraph (a) of this subsection.

“Pledgee” means:

A trustee for the holder of an obligation; or

The holder of an obligation if a trustee was not appointed in the operative document or if the operative document authorizes the holder of an obligation to foreclose the lien of a pledge and enforce the remedies consequent to the pledge in lieu of the trustee.

“Property” means:

Real or personal property, tangible or intangible, whether owned when the pledge is made or acquired subsequently to the time the pledge is made; and

Revenues, contract rights, receivables or securities.