Terms Used In Maryland Code > ENVIRONMENT > Title 2 > Subtitle 2 - Air Quality Control Advisory Council

• Appraisal: A determination of property value.
• Contract: A legal written agreement that becomes binding when signed.
• Fair market value: The price at which an asset would change hands in a transaction between a willing, informed buyer and a willing, informed seller.
• including: means includes or including by way of illustration and not by way of limitation. See
• Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
• Person: includes an individual, receiver, trustee, guardian, personal representative, fiduciary, representative of any kind, corporation, partnership, business trust, statutory trust, limited liability company, firm, association, or other nongovernmental entity. See
• Settlement: Parties to a lawsuit resolve their difference without having a trial. Settlements often involve the payment of compensation by one party in satisfaction of the other party's claims.
• state: means :
  
  (1) a state, possession, territory, or commonwealth of the United States; or
  
  (2) the District of Columbia. See