Terms Used In Ohio Code 1309.618

• Collateral: means the property subject to a security interest or agricultural lien, including:

  (a) Proceeds to which a security interest attaches;

  (b) Accounts, chattel paper, payment intangibles, and promissory notes that have been sold; and

  (c) Goods that are the subject of a consignment. See Ohio Code 1309.102

• 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.
• Obligor: means a person who, with respect to an obligation secured by a security interest in or an agricultural lien on the collateral, (i) owes payment or other performance of the obligation, (ii) has provided property other than the collateral to secure payment or other performance of the obligation, or (iii) is otherwise accountable in whole or in part for payment or other performance of the obligation. See Ohio Code 1309.102
• Secondary obligor: means an obligor to the extent that:

  (a) The obligor's obligation is secondary; or

  (b) The obligor has a right of recourse with respect to an obligation secured by collateral against the debtor, another obligor, or property of either. See Ohio Code 1309.102

• Secured party: means :

  (a) A person in whose favor a security interest is created or provided for under a security agreement, whether or not any obligation to be secured is outstanding;

  (b) A person that holds an agricultural lien;

  (c) A consignor;

  (d) A person to whom accounts, chattel paper, payment intangibles, or promissory notes have been sold;

  (e) A trustee, indenture trustee, agent, collateral agent, or other representative in whose favor a security interest or agricultural lien is created or provided for; or

  (f) A person who holds a security interest arising under section 1302. See Ohio Code 1309.102