ORS 286A.100: Definitions for ORS 286A.100 and 286A.102.

As used in this section and ORS 286A.102:

      (1) “Obligation” means:

      (a) A bond;

      (b) An agreement for exchange of interest rates with the State of Oregon; or

      (c) A credit enhancement device given as additional security for a bond.

      (2) “Pledge” means:

      (a) To create a security interest in or a lien on property to secure payment or performance of an obligation, by mortgaging, assigning or encumbering property or by creating a security interest in property by any other manner.

      (b) A security interest in or lien on property created under paragraph (a) of this subsection.

      (3) “Pledgee” means:

      (a) A trustee for the holder of an obligation; or

      (b) The holder of an obligation if a trustee was not appointed in the operative document or if the operative document authorizes the holder of an obligation to foreclose the lien of a pledge and enforce the remedies consequent to the pledge in lieu of the trustee.

      (4) “Property” means:

      (a) Real or personal property, tangible or intangible, whether owned when the pledge is made or acquired subsequently to the time the pledge is made; and

      (b) Revenues, contract rights, receivables or securities.