§ 293.235 State agency defined for ORS 293.240 and 293.245
§ 293.240 Writing off uncollectible debts due state agency; offers of compromise
§ 293.245 Subsequent collection of debt written off under ORS 293.240
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Terms Used In Oregon Statutes > Chapter 293 > Uncollectible Debts

  • Restitution: The court-ordered payment of money by the defendant to the victim for damages caused by the criminal action.
  • Right of offset: Banks' legal right to seize funds that a guarantor or debtor may have on deposit to cover a loan in default. It is also known as the right of set-off. Source: OCC
  • 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.