Terms Used In Illinois Compiled Statutes > 430 ILCS 145 - Movable Soccer Goal Safety Act (aka Zach's Law)

• Amortization: Paying off a loan by regular installments.
• Bankruptcy: Refers to statutes and judicial proceedings involving persons or businesses that cannot pay their debts and seek the assistance of the court in getting a fresh start. Under the protection of the bankruptcy court, debtors may discharge their debts, perhaps by paying a portion of each debt. Bankruptcy judges preside over these proceedings.
• Lien: A claim against real or personal property in satisfaction of a debt.
• Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
• 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.
• Personal property: All property that is not real property.
• Summons: Another word for subpoena used by the criminal justice system.
• United States: may be construed to include the said district and territories. See Illinois Compiled Statutes 5 ILCS 70/1.14