Terms Used In Ohio Code 1309.622

• 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

• Debtor: means :

  (a) A person having an interest, other than a security interest or other lien, in the collateral, whether or not the person is an obligor;

  (b) A seller of accounts, chattel paper, payment intangibles, or promissory notes; or

  (c) A consignee. See Ohio Code 1309.102

• Lien: A claim against real or personal property in satisfaction of a debt.
• 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.
• 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