Terms Used In Indiana Code > Title 8 > Article 1 > Chapter 5 - Execution and Filing of Mortgages by Utilities

• Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
• 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.
• mortgage: as used in this chapter , includes deeds of trust and any and all documents creating an interest in property to secure the payment of bonds, notes, debentures, and like securities, and any instrument executed to supplement any mortgage. See Indiana Code 8-1-5-1
• Mortgagor: The person who pledges property to a creditor as collateral for a loan and who receives the money.
• Property: includes personal and real property. See Indiana Code 1-1-4-5
• Statute: A law passed by a legislature.