Terms Used In Virginia Code > Title 6.2 > Subtitle I > Chapter 3 > Article 1 - Definitions.

• Authority: means the Virginia Commonwealth University Health System Authority. See Virginia Code 23.1-2400
• Bank: means any national bank, any bank organized under Chapter 8 (§ Virginia Code 6.2-300
• Bonds: means bonds, notes, revenue certificates, lease participation certificates, or other evidences of indebtedness or deferred purchase financing arrangements. See Virginia Code 23.1-2400
• Credit union: means any credit union organized under Chapter 13 (§ Virginia Code 6.2-300
• Deed: The legal instrument used to transfer title in real property from one person to another.
• Forbearance: A means of handling a delinquent loan. A
• Grantor: The person who establishes a trust and places property into it.
• Includes: means includes, but not limited to. See Virginia Code 1-218
• Injunction: An order of the court prohibiting (or compelling) the performance of a specific act to prevent irreparable damage or injury.
• Loan: means a loan or forbearance of money. See Virginia Code 6.2-300
• Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
• National Bank: A bank that is subject to the supervision of the Comptroller of the Currency. The Office of the Comptroller of the Currency is a bureau of the U.S. Treasury Department. A national bank can be recognized because it must have "national" or "national association" in its name. ^{Source: OCC}
• 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.
• real estate: includes lands, tenements and hereditaments, and all rights and appurtenances thereto and interests therein, other than a chattel interest. See Virginia Code 1-219
• Savings institution: means any savings institution, as defined in § Virginia Code 6.2-300
• State: when applied to a part of the United States, includes any of the 50 states, the District of Columbia, the Commonwealth of Puerto Rico, Guam, the Northern Mariana Islands, and the United States Virgin Islands. See Virginia Code 1-245
• Subordinate mortgage or deed of trust: means a mortgage or deed of trust that is subject to a prior mortgage or deed of trust in existence at the time of the making of the loan secured by such subordinate mortgage or deed of trust. See Virginia Code 6.2-300
• Trustee: A person or institution holding and administering property in trust.
• United States: includes the 50 states, the District of Columbia the Commonwealth of Puerto Rico, Guam, the Northern Mariana Islands and the United States Virgin Islands. See Virginia Code 1-255