2023 New York Laws › UCC - Uniform Commercial Code › Article 9 - Secured Transactions › Part 1 - General Provisions › Sub Part 1 - Short Title, Definitions, and General Concepts › 9-102 - Definitions and Index of Definitions.

Section 9--102. Definitions And Index of Definitions.
(a) Article 9 definitions. In this article:
(1) "Accession" means goods that are physically united with other
goods  in  such  a  manner  that the identity of the original
goods is not lost.
(2) "Account", except as used in "account for", means a right  to
payment  of  a  monetary obligation, whether or not earned by
performance, (i) for property that has been or is to be sold,
leased, licensed, assigned, or otherwise  disposed  of,  (ii)
for  services  rendered or to be rendered, (iii) for a policy
of insurance issued or to be issued,  (iv)  for  a  secondary
obligation  incurred  or  to  be  incurred,  (v)  for  energy
provided or to be provided, (vi) for the use  or  hire  of  a
vessel  under  a charter or other contract, (vii) arising out
of the  use  of  a  credit  or  charge  card  or  information
contained  on or for use with the card, or (viii) as winnings
in a lottery or other game of chance operated or sponsored by
a state, governmental unit of a State, or person licensed  or
authorized  to  operate  the  game by a State or governmental
unit of a  State.  The  term  includes  health-care-insurance
receivables.  The term does not include (i) rights to payment
evidenced by chattel paper or an instrument, (ii)  commercial
tort   claims,   (iii) deposit   accounts,   (iv)  investment
property, (v) letter-of-credit rights or letters  of  credit,
or  (vi)  rights  to  payment  for money or funds advanced or
sold, other than rights arising out of the use of a credit or
charge card or information contained on or for use  with  the
card.
(3) "Account  debtor"  means  a  person  obligated on an account,
chattel paper, or  general  intangible.  The  term  does  not
include  persons  obligated  to  pay a negotiable instrument,
even if the instrument constitutes part of chattel paper.
(4) "Accounting", except as used in  "accounting  for",  means  a
record:
(A) authenticated by a secured party;
(B) indicating the aggregate unpaid secured obligations as of
a  date  not  more  than 35 days earlier or 35 days later
than the date of the record; and
(C) identifying  the  components  of   the   obligations   in
reasonable detail.
(5) "Agricultural lien" means an interest in farm products:
(A) which  secures  payment  or  performance of an obligation
for:
(i) goods or services  furnished  in  connection  with  a
debtor's farming operation; or
(ii) rent   on  real  property  leased  by  a  debtor  in
connection with its farming operation; and
(B) which is created by statute in favor of a person that:
(i) in the ordinary  course  of  its  business  furnished
goods  or  services  to a debtor in connection with a
debtor's farming operation; or
(ii) leased real property to a debtor in connection  with
the debtor's farming operation; and
(C) whose  effectiveness  does  not  depend  on  the person's
possession of the personal property.
(6) "As-extracted collateral" means:
(A) oil, gas,  or  other  minerals  that  are  subject  to  a
security interest that:
(i) is  created  by  a  debtor  having an interest in the
minerals before extraction; and
(ii) attaches to the minerals as extracted; or
(B) accounts  arising  out  of  the  sale  at the wellhead or
minehead of oil, gas, or  other  minerals  in  which  the
debtor had an interest before extraction.
(7) "Authenticate" means:
(A) to sign; or
(B) with  present  intent  to  adopt  or  accept a record, to
attach to or  logically  associate  with  the  record  an
electronic sound, symbol, or process.
(8) "Bank"  means an organization that is engaged in the business
of banking. The term includes savings banks, savings and loan
associations, credit unions, and trust companies.
(9) "Cash  proceeds"  means  proceeds  that  are  money,  checks,
deposit accounts, or the like.
(10) "Certificate  of  title"  means  a certificate of title with
respect  to  which  a  statute  provides  for  the  security
interest in question to be indicated on the certificate as a
condition  or  result  of  the security interest's obtaining
priority over the rights of a lien creditor with respect  to
the collateral. Such term includes another record maintained
as   an  alternative  to  a  certificate  of  title  by  the
governmental unit that issues certificates  of  title  if  a
statute  permits  the  security  interest  in question to be
indicated on the record as a  condition  or  result  of  the
security  interest's obtaining priority over the rights of a
lien creditor with respect to the collateral.
(11) "Chattel paper" means a record or records that evidence both
a monetary obligation and a security  interest  in  specific
goods,  a  security  interest in specific goods and software
used in the goods, a security interest in specific goods and
license of software used in the goods, a lease  of  specific
goods,  or a lease of specific goods and license of software
used in the goods. In this paragraph, "monetary  obligation"
means  a  monetary  obligation  secured by the goods or owed
under  a  lease  of  the  goods  and  includes  a   monetary
obligation  with  respect to software used in the goods. The
term does  not  include  (i)  charters  or  other  contracts
involving  the  use or hire of a vessel or (ii) records that
evidence a right to payment arising out  of  the  use  of  a
credit or charge card or information contained on or for use
with the card. If a transaction is evidenced by records that
include an instrument or series of instruments, the group of
records taken together constitutes chattel paper.
(11-a) "Check" means (i) a draft, other than a documentary draft,
payable  on demand and drawn on a bank or (ii) a cashier's
check or a teller's check. An instrument may  be  a  check
even  though  it is described on its face by another term,
such as "money order". An instrument that (i) meets all of
the requirements stated in Article 3 of this chapter to be
a negotiable instrument other  than  stating  that  it  is
payable to order or bearer and (ii) otherwise qualifies as
a check is a negotiable instrument and a check.
(12) "Collateral"  means  the  property  subject  to  a  security
interest or agricultural lien. The term includes:
(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.
(13) "Commercial  tort  claim" means a claim arising in tort with
respect to which:
(A) the claimant is an organization; or
(B) the claimant is an individual and the claim:
(i) arose in the course of  the  claimant's  business  or
profession; and
(ii) does  not  include  damages  arising out of personal
injury to or the death of an individual.
(14) "Commodity  account"  means  an  account  maintained  by   a
commodity  intermediary  in  which  a  commodity contract is
carried for a commodity customer.
(15) "Commodity contract" means a commodity futures contract,  an
option  on a commodity futures contract, a commodity option,
or another contract if the contract or option is:
(A) traded on or subject to the rules of  a  board  of  trade
that  has been designated as a contract market for such a
contract pursuant to federal commodities laws; or
(B) traded on a foreign commodity board of  trade,  exchange,
or  market,  and  is  carried on the books of a commodity
intermediary for a commodity customer.
(16) "Commodity customer" means a person for  which  a  commodity
intermediary carries a commodity contract on its books.
(17) "Commodity intermediary" means a person that:
(A) is  registered  as  a  futures  commission merchant under
federal commodities law; or
(B) in the ordinary course of its business provides clearance
or settlement services for a board of trade that has been
designated as  a  contract  market  pursuant  to  federal
commodities law.
(18) "Communicate" means:
(A) to send a written or other tangible record;
(B) to  transmit  a  record  by  any means agreed upon by the
persons sending and receiving the record; or
(C) in the case of transmission of a record to or by a filing
office, to transmit a record by any means  prescribed  by
filing-office rule.
(19) "Consignee" means a merchant to which goods are delivered in
a consignment.
(20) "Consignment"  means  a transaction, regardless of its form,
in which a person delivers  goods  to  a  merchant  for  the
purpose of sale and:
(A) the merchant:
(i) deals  in  goods of that kind under a name other than
the name of the person making delivery;
(ii) is not an auctioneer; and
(iii) is not generally  known  by  its  creditors  to  be
substantially  engaged  in  selling  the  goods  of
others;
(B) with respect to each delivery, the aggregate value of the
goods is $1,000 or more at the time of delivery;
(C) the goods  are  not  consumer  goods  immediately  before
delivery; and
(D) the  transaction does not create a security interest that
secures an obligation.
(21) "Consignor"  means  a  person  that  delivers  goods  to   a
consignee in a consignment.
(22) "Consumer debtor" means a debtor in a consumer transaction.
(23) "Consumer goods" means goods that are used or bought for use
primarily for personal, family, or household purposes.
(24) "Consumer-goods transaction" means a consumer transaction in
which:
(A) an   individual   incurs   an  obligation  primarily  for
personal, family, or household purposes; and
(B) a  security  interest  in  consumer  goods  secures   the
obligation.
(25) "Consumer obligor" means an obligor who is an individual and
who incurred the obligation as part of a transaction entered
into primarily for personal, family, or household purposes.
(26) "Consumer  transaction"  means a transaction in which (i) an
individual incurs  an  obligation  primarily  for  personal,
family,  or  household  purposes,  (ii)  a security interest
secures the obligation, and (iii) the collateral is held  or
acquired   primarily  for  personal,  family,  or  household
purposes. The term includes consumer-goods transactions.
(27) "Continuation statement" means an amendment of  a  financing
statement which:
(A) identifies,  by  its  file  number, the initial financing
statement to which it relates; and
(B) indicates that it is a  continuation  statement  for,  or
that  it  is  filed to continue the effectiveness of, the
identified financing statement.
(27-a) "Cooperative  addendum"  means  a  record  that  satisfies
Section 9--502(e).
(27-b) "Cooperative  interest"  means  an ownership interest in a
cooperative organization, which interest, when created, is
coupled with possessory rights of a proprietary nature  in
identified  physical  space  belonging  to the cooperative
organization. A subsequent termination of  the  possessory
rights  shall  not  cause  an  ownership interest to cease
being a cooperative interest.
(27-c) "Cooperative organization" means an organization which has
as its principal asset an interest  in  real  property  in
this   state  and  in  which  organization  all  ownership
interests are cooperative interests.
(27-d) "Cooperative  organization  security  interest"  means   a
security  interest  which is in a cooperative interest, is
in favor of the cooperative organization,  is  created  by
the  cooperative  record,  and  secures  only  obligations
incident to ownership of that cooperative interest.
(27-e) "Cooperative record"  means  those  records  which,  as  a
whole,  evidence  cooperative  interests  and  define  the
mutual  rights  and  obligations  of  the  owners  of  the
cooperative interests and the cooperative organization.
(27-f) "Cooperative  unit"  means  the  physical space associated
with a cooperative interest.
(28) "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.
(29) "Deposit  account"  means a demand, time, savings, passbook,
or similar account maintained with a bank. The term does not
include investment property  or  accounts  evidenced  by  an
instrument.
(30) "Document"  means  a  document  of title or a receipt of the
type described in Section 7--201 (b).
(31) "Electronic chattel paper" means chattel paper evidenced  by
a  record  or records consisting of information stored in an
electronic medium.
(32) "Encumbrance"  means  a  right,  other  than  an   ownership
interest,  in real property. The term includes mortgages and
other liens on real property.
(33) "Equipment" means goods other than inventory, farm products,
or consumer goods.
(34) "Farm products" means goods,  other  than  standing  timber,
with  respect  to  which  the debtor is engaged in a farming
operation and which are:
(A) crops grown, growing, or to be grown, including:
(i) crops produced on trees, vines, and bushes; and
(ii) aquatic goods produced in aquacultural operations;
(B) livestock,  born  or  unborn,  including  aquatic   goods
produced in aquacultural operations;
(C) supplies used or produced in a farming operation; or
(D) products  of  crops  or livestock in their unmanufactured
states.
(35) "Farming operation" means raising, cultivating, propagating,
fattening, grazing, or  any  other  farming,  livestock,  or
aquacultural operation.
(36) "File  number"  means  the  number  assigned  to  an initial
financing statement pursuant to Section 9--519(a).
(37) "Filing office" means an office designated in Section 9--501
as the place to file a financing statement.
(38) "Filing-office  rule"  means  a  rule  adopted  pursuant  to
Section 9--526.
(39) "Financing  statement" means a record or records composed of
an initial financing statement and any filed record relating
to the initial financing statement.
(40) "Fixture filing" means the filing of a  financing  statement
covering  goods  that  are  or  are  to  become fixtures and
satisfying Section 9--502(a) and (b). The term includes  the
filing   of  a  financing  statement  covering  goods  of  a
transmitting utility which are or are to become fixtures.
(41) "Fixtures" means  goods  that  have  become  so  related  to
particular  real  property  that  an interest in them arises
under real property law.
(42) "General intangible" means any personal property,  including
things  in  action,  other  than  accounts,  chattel  paper,
commercial tort claims, deposit accounts, documents,  goods,
instruments,  investment  property, letter-of-credit rights,
letters of credit, money, and oil, gas,  or  other  minerals
before extraction. The term includes payment intangibles and
software.
(43) "Good  faith"  means  honesty  in fact and the observance of
reasonable commercial standards of fair dealing.
(44) "Goods" means all things that are movable  when  a  security
interest  attaches.  The  term  includes  (i) fixtures, (ii)
standing timber that is  to  be  cut  and  removed  under  a
conveyance  or  contract for sale, (iii) the unborn young of
animals, (iv) crops grown, growing, or to be grown, even  if
the  crops  are produced on trees, vines, or bushes, and (v)
manufactured  homes.  The  term  also  includes  a  computer
program  embedded  in  goods  and any supporting information
provided in connection with a transaction  relating  to  the
program  if  (i) the program is associated with the goods in
such a manner that it customarily is considered part of  the
goods,  or (ii) by becoming the owner of the goods, a person
acquires a right to use the program in connection  with  the
goods. The term does not include a computer program embedded
in  goods  that  consists  solely of the medium in which the
program  is  embedded.  The  term  also  does  not   include
accounts,  chattel  paper,  commercial  tort claims, deposit
accounts,  documents,  general   intangibles,   instruments,
investment  property,  letter-of-credit  rights,  letters of
credit,  money,  or  oil,  gas,  or  other  minerals  before
extraction.
(45) "Governmental unit" means a subdivision, agency, department,
county,   parish,   municipality,   or  other  unit  of  the
government of the United  States,  a  state,  or  a  foreign
country. The term includes an organization having a separate
corporate existence if the organization is eligible to issue
debt  on which interest is exempt from income taxation under
the laws of the United States.
(46) "Health-care-insurance receivable" means an interest  in  or
claim  under  a  policy  of  insurance  which  is a right to
payment of a monetary obligation for  health-care  goods  or
services provided or to be provided.
(47) "Instrument"  means  a  negotiable  instrument  or any other
writing that evidences a right to the payment of a  monetary
obligation, is not itself a security agreement or lease, and
is  of  a  type  that  in  ordinary  course  of  business is
transferred by delivery with any  necessary  indorsement  or
assignment.   The  term  does  not  include  (i)  investment
property, (ii) letters of credit,  or  (iii)  writings  that
evidence  a  right  to  payment  arising out of the use of a
credit or charge card or information contained on or for use
with the card.
(48) "Inventory" means goods, other than farm products, which:
(A) are leased by a person as lessor;
(B) are held by a person for sale or lease or to be furnished
under a contract of service;
(C) are furnished by a person under a contract of service; or
(D) consist of raw materials, work in process,  or  materials
used or consumed in a business.
(49) "Investment property" means a security, whether certificated
or uncertificated, security entitlement, securities account,
commodity contract, or commodity account.
(50) "Jurisdiction of organization", with respect to a registered
organization,  means  the  jurisdiction  under whose law the
organization is formed or organized.
(51) "Letter-of-credit  right"  means  a  right  to  payment   or
performance  under  a  letter  of credit, whether or not the
beneficiary has demanded or  is  at  the  time  entitled  to
demand payment or performance. The term does not include the
right  of  a  beneficiary  to  demand payment or performance
under a letter of credit.
(52) "Lien creditor" means:
(A) a creditor that has  acquired  a  lien  on  the  property
involved by attachment, levy, or the like;
(B) an  assignee  for  benefit  of creditors from the time of
assignment;
(C) a trustee in bankruptcy from the date of  the  filing  of
the petition; or
(D) a receiver in equity from the time of appointment.
(53) "Manufactured  home" means a structure, transportable in one
or more sections, which, in the  traveling  mode,  is  eight
body  feet  or  more  in  width  or  40 body feet or more in
length, or, when erected on site,  is  320  or  more  square
feet, and which is built on a permanent chassis and designed
to  be  used  as  a  dwelling  with  or  without a permanent
foundation when connected to  the  required  utilities,  and
includes   the   plumbing,  heating,  air-conditioning,  and
electrical systems contained therein. The term includes  any
structure  that  meets  all  of  the  requirements  of  this
paragraph except the size requirements and with  respect  to
which  the  manufacturer  voluntarily  files a certification
required by the United States Secretary of Housing and Urban
Development and  complies  with  the  standards  established
under Title 42 of the United States Code.
(54) "Manufactured-home transaction" means a secured transaction:
(A) that  creates  a  purchase-money  security  interest in a
manufactured home, other than a manufactured home held as
inventory; or
(B) in which a manufactured home, other than  a  manufactured
home held as inventory, is the primary collateral.
(55) "Mortgage"  means  a  consensual  interest in real property,
including fixtures, which secures payment or performance  of
an obligation.
(56) "New  debtor"  means  a  person that becomes bound as debtor
under Section 9--203(d) by a security  agreement  previously
entered into by another person.
(57) "New value" means (i) money, (ii) money's worth in property,
services, or new credit, or (iii) release by a transferee of
an  interest  in  property  previously  transferred  to  the
transferee.  The  term  does  not  include   an   obligation
substituted for another obligation.
(58) "Noncash proceeds" means proceeds other than cash proceeds.
(59) "Obligor" means a person that, 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. The
term  does  not include issuers or nominated persons under a
letter of credit.
(60) "Original debtor", except  as  used  in  Section  9--310(c),
means  a  person  that,  as  debtor, entered into a security
agreement to which a  new  debtor  has  become  bound  under
Section 9--203(d).
(60-a) "Payment assurance device" means any device installed in a
vehicle that can be used to remotely disable the vehicle.
(61) "Payment  intangible" means a general intangible under which
the account debtor's  principal  obligation  is  a  monetary
obligation.
(62) "Person related to", with respect to an individual, means:
(A) the spouse of the individual;
(B) a  brother,  brother-in-law,  sister, or sister-in-law of
the individual;
(C) an ancestor or lineal descendant of the individual or the
individual's spouse; or
(D) any  other  relative,  by  blood  or  marriage,  of   the
individual or the individual's spouse who shares the same
home with the individual.
(63) "Person related to", with respect to an organization, means:
(A) a  person  directly or indirectly controlling, controlled
by, or under common control with the organization;
(B) an officer or director of, or a person performing similar
functions with respect to, the organization;
(C) an officer or director of, or a person performing similar
functions  with  respect  to,  a  person   described   in
subparagraph (A);
(D) the  spouse  of  an  individual described in subparagraph
(A), (B), or (C); or
(E) an individual who is related by blood or marriage  to  an
individual  described  in  subparagraph (A), (B), (C), or
(D) and shares the same home with the individual.
(64) "Proceeds", except as used in Section 9--609(b),  means  the
following property:
(A) Whatever  is  acquired  upon  the  sale,  lease, license,
exchange, or other disposition of collateral;
(B) whatever is collected on, or distributed on  account  of,
collateral;
(C) rights arising out of collateral;
(D) to  the extent of the value of collateral, claims arising
out of the loss, nonconformity, or interference with  the
use  of,  defects or infringement of rights in, or damage
to, the collateral; or
(E) to the extent of the  value  of  collateral  and  to  the
extent  payable  to  the  debtor  or  the  secured party,
insurance payable by reason of the loss or  nonconformity
of,  defects  or infringement of rights in, or damage to,
the collateral.
(65) "Promissory note"  means  an  instrument  that  evidences  a
promise  to  pay a monetary obligation, does not evidence an
order to pay, and does not contain an  acknowledgment  by  a
bank  that  the bank has received for deposit a sum of money
or funds.
(66) "Proposal" means a record authenticated by a  secured  party
which  includes  the  terms  on  which  the secured party is
willing to accept collateral in full or partial satisfaction
of the obligation it secures pursuant  to  Sections  9--620,
9--621, and 9--622.
(66-a) "Prove" with respect to a fact means to meet the burden of
establishing the fact (Section 1-201(8)).
(67) "Public-finance  transaction" means a secured transaction in
connection with which:
(A) debt securities are issued;
(B) all or a portion of the securities issued have an initial
stated maturity of at least 20 years; and
(C) the debtor, obligor, secured  party,  account  debtor  or
other   person   obligated  on  collateral,  assignor  or
assignee of a secured obligation, or assignor or assignee
of a security interest is a state or a governmental  unit
of a state.
(68) "Public  organic record" means a record that is available to
the public for inspection and is:
(A) a record consisting of the record initially filed with or
issued by a  state  or  the  United  States  to  form  or
organize  an  organization  and  any record filed with or
issued by the state or the United States which amends  or
restates the initial record;
(B)  an  organic record of a business trust consisting of the
record initially filed with a state and any record  filed
with  the  state  which  amends  or  restates the initial
record, if a statute  of  the  state  governing  business
trusts  requires that the record be filed with the state;
or
(C)  a  record  consisting  of  legislation  enacted  by  the
legislature  of  a  state  or  the Congress of the United
States which forms  or  organizes  an  organization,  any
record  amending  the  legislation,  and any record filed
with or issued by the state or the  United  States  which
amends or restates the name of the organization.
(69) "Pursuant to commitment", with respect to an advance made or
other  value given by a secured party, means pursuant to the
secured party's obligation,  whether  or  not  a  subsequent
event  of  default  or  other  event  not within the secured
party's control has relieved  or  may  relieve  the  secured
party from its obligation.
(70) "Record",  except  as  used  in  "for  record", "of record",
"record  or  legal  title",  and   "record   owner",   means
information  that is inscribed on a tangible medium or which
is  stored  in  an  electronic  or  other  medium   and   is
retrievable in perceivable form.
(71) "Registered  organization"  means an organization formed or
organized solely under the law of  a  single  state  or  the
United States by the filing of a public organic record with,
the issuance of a public organic record by, or the enactment
of  legislation  by the state or the United States. The term
includes a business trust that is formed or organized  under
the  law  of  a  single  state  if  a  statute  of the state
governing business trusts requires that the business trust's
organic record be filed with the state.
(72) "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.
(73) "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  which  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  that  holds  a security interest arising under
Section 2--401, 2--505, 2--711(3), 2-A-508(5), 4--210, or
5--118.
(74)  "Security  agreement"  means  an agreement that creates or
provides for a security interest. A cooperative record  that
provides  that  the  owner  of a cooperative interest has an
obligation to pay amounts to  the  cooperative  organization
incident to ownership of that cooperative interest and which
states that the cooperative organization has a direct remedy
against  that  cooperative  interest if such amounts are not
paid  is  a  security  agreement  creating   a   cooperative
organization security interest.
(75) "Send", in connection with a record or notification, means:
(A) to  deposit  in  the  mail,  deliver for transmission, or
transmit by any other usual means of communication,  with
postage  or  cost of transmission provided for, addressed
to any address reasonable under the circumstances; or
(B) to cause the record or notification to be received within
the time that it would have  been  received  if  properly
sent under subparagraph (A).
(76)  "Software"  means  a  computer  program and any supporting
information  provided  in  connection  with  a   transaction
relating  to  the  program.  The  term  does  not  include a
computer program that  is  included  in  the  definition  of
goods.
(77) "State" means a state of the United States, the District of
Columbia,  Puerto Rico, the United States Virgin Islands, or
any  territory  or  insular  possession   subject   to   the
jurisdiction of the United States.
(78) "Supporting  obligation"  means a letter-of-credit right or
secondary  obligation   that   supports   the   payment   or
performance  of  an  account,  chattel  paper, a document, a
general intangible, an instrument, or investment property.
(79) "Tangible chattel paper" means chattel paper evidenced by a
record  or  records  consisting  of  information   that   is
inscribed on a tangible medium.
(80)  "Termination  statement" means an amendment of a financing
statement which:
(A) identifies, by its file  number,  the  initial  financing
statement to which it relates; and
(B) indicates  either  that  it is a termination statement or
that the identified  financing  statement  is  no  longer
effective.
(81) "Transmitting  utility" means a person primarily engaged in
the business of:
(A) operating a railroad, subway, street railway, or  trolley
bus;
(B) transmitting         communications         electrically,
electromagnetically, or by light;
(C) transmitting goods by pipeline or sewer; or
(D) transmitting or producing and  transmitting  electricity,
steam, gas, or water.
(b) Definitions  in other articles. The following definitions in other
articles apply to this article:
"Applicant"                                  Section 5--102.
"Beneficiary"                                Section 5--102.
"Broker"                                     Section 8--102.
"Certificated security"                      Section 8--102.
"Clearing corporation"                       Section 8--102.
"Contract for sale"                          Section 2--106.
"Control" (with respect to a document        Section 7--106.
of title)
"Customer"                                   Section 4--104.
"Entitlement holder"                         Section 8--102.
"Financial asset"                            Section 8--102.
"Holder in due course"                       Section 3--302.
"Issuer" (with respect to a letter of
credit or letter-of-credit right)         Section 5--102.
"Issuer" (with respect to a security)        Section 8--201.
"Issuer" (with respect to document of title) Section 7--102.
"Lease"                                      Section 2-A-103.
"Lease agreement"                            Section 2-A-103.
"Lease contract"                             Section 2-A-103.
"Leasehold interest"                         Section 2-A-103.
"Lessee"                                     Section 2-A-103.
"Lessee in ordinary course of business"      Section 2-A-103.
"Lessor"                                     Section 2-A-103.
"Lessor's residual interest"                 Section 2-A-103.
"Letter of credit"                           Section 5--102.
"Merchant"                                   Section 2--104.
"Negotiable instrument"                      Section 3--104.
"Nominated person"                           Section 5--102.
"Note"                                       Section 3--104.
"Proceeds of a letter of credit"             Section 5--114.
"Prove"                                      Section 4-A-105.
"Sale"                                       Section 2--106.
"Securities account"                         Section 8--501.
"Securities intermediary"                    Section 8--102.
"Security"                                   Section 8--102.
"Security certificate"                       Section 8--102.
"Security entitlement"                       Section 8--102.
"Uncertificated security"                    Section 8--102.
(c) Article  1  definitions and principles. Article 1 contains general
definitions and principles of construction and interpretation applicable
throughout this article.