Security interest’ means an interest in a vehicle reserved or created by agreement and which secures payment or performance of an obligation as more particularly defined by ORS § 71.2010 (2)(ii). [1983 c.338 § 85; 1985 c.16 § 24; 2009 c.181 § 109]

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Terms Used In Oregon Statutes 801.465

  • Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.