Terms Used In Minnesota Statutes > Chapter 141 - Private Career Schools

• Guarantor: A party who agrees to be responsible for the payment of another party's debts should that party default. ^{Source: OCC}
• Indemnification: In general, a collateral contract or assurance under which one person agrees to secure another person against either anticipated financial losses or potential adverse legal consequences. ^{Source: FDIC}
• Real property: Land, and all immovable fixtures erected on, growing on, or affixed to the land.