Terms Used In Minnesota Statutes > Chapter 366 > BOARD OF AUDIT

• 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.
• Foreclosure: A legal process in which property that is collateral or security for a loan may be sold to help repay the loan when the loan is in default. ^{Source: OCC}
• 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.
• 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.
• Person: may extend and be applied to bodies politic and corporate, and to partnerships and other unincorporated associations. See Minnesota Statutes 645.44
• Quorum: The number of legislators that must be present to do business.
• state: extends to and includes the District of Columbia and the several territories. See Minnesota Statutes 645.44
• verified: when used in reference to writings, means supported by oath or affirmation. See Minnesota Statutes 645.45