Terms Used In Maine Revised Statutes > Title 9-A > Article 3 - Regulation of Agreements and Practices

• Affidavit: A written statement of facts confirmed by the oath of the party making it, before a notary or officer having authority to administer oaths.
• All-weather road: means a public or private road that may be traversed during all seasons of the year. See Maine Revised Statutes Title 12 Sec. 8881
• Annual percentage rate: The cost of credit at a yearly rate. It is calculated in a standard way, taking the average compound interest rate over the term of the loan so borrowers can compare loans. Lenders are required by law to disclose a card account's APR. ^{Source: FDIC}
• Answer: The formal written statement by a defendant responding to a civil complaint and setting forth the grounds for defense.
• Appraisal: A determination of property value.
• Arrest: Taking physical custody of a person by lawful authority.
• bail: means the obtaining of the release of the defendant upon an undertaking that the defendant shall appear at the time and place required and that the defendant shall conform to each condition imposed in accordance with section 1026 that is designed to ensure that the defendant shall refrain from any new criminal conduct, to ensure the integrity of the judicial process and to ensure the safety of others in the community. See Maine Revised Statutes Title 15 Sec. 1003
• Bail: Security given for the release of a criminal defendant or witness from legal custody (usually in the form of money) to secure his/her appearance on the day and time appointed.
• Caucus: From the Algonquian Indian language, a caucus meant "to meet together." An informal organization of members of the legislature that exists to discuss issues of mutual concern and possibly to perform legislative research and policy planning for its members. There are regional, political or ideological, ethnic, and economic-based caucuses.
• Committee membership: Legislators are assigned to specific committees by their party. Seniority, regional balance, and political philosophy are the most prominent factors in the committee assignment process.
• County legislative delegation: means all state legislators whose legislative districts, in whole or in part, lie within the boundaries of a county. See Maine Revised Statutes Title 30-A Sec. 1
• Court: means any Justice of the Supreme Judicial Court or Superior Court or any active retired justice and any District Court Judge or active retired judge when assigned under Title 4, section 157?C. See Maine Revised Statutes Title 15 Sec. 1003
• Defendant: In a civil suit, the person complained against; in a criminal case, the person accused of the crime.
• Dependent: A person dependent for support upon another.
• Designated agent: means a person, firm, company, corporation or other legal entity representing the landowner in timber sales or land management. See Maine Revised Statutes Title 12 Sec. 8881
• Donor: The person who makes a gift.
• Extradition: The formal process of delivering an accused or convicted person from authorities in one state to authorities in another state.
• Federal Reserve System: The central bank of the United States. The Fed, as it is commonly called, regulates the U.S. monetary and financial system. The Federal Reserve System is composed of a central governmental agency in Washington, D.C. (the Board of Governors) and twelve regional Federal Reserve Banks in major cities throughout the United States. ^{Source: OCC}
• Fiduciary: A trustee, executor, or administrator.
• Finance charge: The total cost of credit a customer must pay on a consumer loan, including interest. The Truth in Lending Act requires disclosure of the finance charge. ^{Source: OCC}
• Forest products: means logs, pulpwood, veneer, bolt wood, wood chips, stud wood, poles, pilings, biomass fuel wood, fuel wood, bark or other products commonly known as forest products, but does not include Christmas trees, maple syrup, nursery products used for ornamental purposes, wreaths, bough material, cones or other seed crops. See Maine Revised Statutes Title 12 Sec. 8881
• Grand jury: agreement providing that a lender will delay exercising its rights (in the case of a mortgage,
• Harvest operation: means a harvest of forest products on land in a single municipality or township. See Maine Revised Statutes Title 12 Sec. 8881
• Harvester: means a person, firm, company, corporation or other legal entity which harvests or contracts to harvest a forest product. See Maine Revised Statutes Title 12 Sec. 8881
• Interest rate: The amount paid by a borrower to a lender in exchange for the use of the lender's money for a certain period of time. Interest is paid on loans or on debt instruments, such as notes or bonds, either at regular intervals or as part of a lump sum payment when the issue matures. ^{Source: OCC}
• Landowner: means a person, company or other entity that holds title to land, including joint owners or tenants in common. See Maine Revised Statutes Title 12 Sec. 8881
• Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). ^{Source: OCC}
• Lien: A claim against real or personal property in satisfaction of a debt.
• Lump-sum sale: means a sale in which the owner of standing timber sells the timber for one price and that price is not broken down by species or product. See Maine Revised Statutes Title 12 Sec. 8881
• Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
• Mortgagee: The person to whom property is mortgaged and who has loaned the money.
• Mortgagor: The person who pledges property to a creditor as collateral for a loan and who receives the money.
• National Credit Union Administration: The federal regulatory agency that charters and supervises federal credit unions. (NCUA also administers the National Credit Union Share Insurance Fund, which insures the deposits of federal credit unions.) ^{Source: OCC}
• Open-end credit: A credit agreement (typically a credit card) that allows a customer to borrow against a preapproved credit line when purchasing goods and services. The borrower is only billed for the amount that is actually borrowed plus any interest due. (Also called a charge account or revolving credit.) ^{Source: OCC}
• Penal institutions: includes a jail, prison, penitentiary, house of correction or other place of penal detention. See Maine Revised Statutes Title 15 Sec. 1461
• Post-conviction: means any point in a criminal proceeding after a verdict or finding of guilty or after the acceptance of a plea of guilty or nolo contendere. See Maine Revised Statutes Title 15 Sec. 1003
• Precommercial silvicultural activities: means chemical or mechanical thinning operations, planting, stand conversion or timber stand improvement activities where no forest products are sold. See Maine Revised Statutes Title 12 Sec. 8881
• Preconviction: means any point in a criminal proceeding before a verdict in the context of a jury trial or finding of guilty in the context of a jury-waived trial or before the acceptance of a plea of guilty or nolo contendere. See Maine Revised Statutes Title 15 Sec. 1003
• Pro se: A Latin term meaning "on one's own behalf"; in courts, it refers to persons who present their own cases without lawyers.
• Probable cause: A reasonable ground for belief that the offender violated a specific law.
• Remainder: An interest in property that takes effect in the future at a specified time or after the occurrence of some event, such as the death of a life tenant.
• Residue: means by-products of a processed log, including, but not limited to bark, woodchips or sawdust. See Maine Revised Statutes Title 12 Sec. 8881
• Restitution: The court-ordered payment of money by the defendant to the victim for damages caused by the criminal action.
• Right of rescission: Right to cancel, within three business days, a contract that uses the home of a person as collateral, except in the case of a first mortgage loan. There is no fee to the borrower, who receives a full refund of all fees paid. The right of rescission is guaranteed by the Truth in Lending Act (TILA). ^{Source: OCC}
• Roundwood: means logs, bolts and other round sections of wood as they are cut from a tree. See Maine Revised Statutes Title 12 Sec. 8881
• Roundwood processing operation: means sawmills; bolter mills; shingle mills; veneer mills; fence pole and piling making operations; pulp and paper mills; wafer board, particle board and plywood mills; whole tree chippers; commercial fuel wood processors; bark processors; custom processing mills of these products; and log yards established to accumulate logs awaiting shipment to these operations. See Maine Revised Statutes Title 12 Sec. 8881
• Service of process: The service of writs or summonses to the appropriate party.
• State: shall include any territory of the United States and District of Columbia. See Maine Revised Statutes Title 15 Sec. 1412
• State: includes any state of the United States, the District of Columbia, the Commonwealth of Puerto Rico and any territory of the United States. See Maine Revised Statutes Title 15 Sec. 1461
• Stumpage: means standing timber. See Maine Revised Statutes Title 12 Sec. 8881
• Summons: Another word for subpoena used by the criminal justice system.
• Summons: shall include a subpoena, order or other notice requiring the appearance of a witness. See Maine Revised Statutes Title 15 Sec. 1412
• Testify: Answer questions in court.
• Truth in Lending Act: The Truth in Lending Act is a federal law that requires lenders to provide standardized information so that borrowers can compare loan terms. In general, lenders must provide information on ^{Source: OCC}
• Witness: shall include a person whose testimony is desired in any proceeding or investigation by a grand jury or in a criminal action, prosecution or proceeding. See Maine Revised Statutes Title 15 Sec. 1412
• Witness: means a person who is confined in a penal institution in any state and whose testimony is desired in another state in any criminal proceeding or investigation by a grand jury or in any criminal action before a court. See Maine Revised Statutes Title 15 Sec. 1461