Archives: Glossary

A filing (often called a UCC-1) that gives public notice of a security interest under UCC Article 9.

A legal claim against property as security for a debt.

A signed written promise or order to pay a fixed amount of money that meets the requirements of UCC Article 3, such as a note or check.

The document that starts an appeal.

A recorded notice that a lawsuit affecting title to real property is pending.

A lawsuit to establish ownership of real property against other claims.

A person who must act in another’s best interest, such as a trustee or agent.

The person or institution that holds and manages trust property for the beneficiaries.

The person who creates a trust. Also called the grantor or trustor in some jurisdictions.

A legal arrangement in which a trustee holds property for the benefit of one or more beneficiaries under terms set by the settlor.