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UNIFORM COMMERCIAL CODE (UCC) A code drafted by the ALI and the NCCUSL that includes searched transactions. UCC article a. SECURITY INTEREST A lien created by an agreement. 11 U.S. C.A. § 101 (51). An interest in personal property or fixtures that secures payments or performance of an obligation. MORTGAGE A grant of an interest in real estate to secure payment of a debt. COLLATERAL The property that may be repossessed by the creditor if the debtor does not meet the terms of the security agreement. FINANCING STATEMENT A filed record indicating existence of a party holding a secured claim on personal property. SECURITY AGREEMENT An agreement that creates or provides for a security interest (a lien on real or personal property created by an agreement). 11 U.S.C.A. § 101(50). AUTHENTICATED A parties signature or mark on a document that indicates that person's present intent to accept the document as his or hers. UNITED STATES CODE (U.S.C.) - The official compilation of federal statutes. U.S. C. is printed and sold by the United States Government Printing Office. UNITED STATES CODE ANNOTATED (U.S.C.A.) West Group Publishing Company's annotated version of the United States Code. JURISDICTION The power of a court to hear and decide the issues raised in a case or proceeding. VENUE The proper court in which a bankruptcy case or adversary proceeding should be heard. PARTY IN INTEREST A party who has an interest in a bankruptcy case and who may raise certain issues. PROFESSIONAL PERSONS People who, with bankruptcy court approval, are employed by a trustee, debtor in possession, or creditor's committee in a bankruptcy case. MEETING OF CREDITORS The meeting required by 11 U.S. C A. § 341(a) that is held within a reasonable time after order for relief in every bankruptcy case. MEETING OF EQUITY SECURITY HOLDERS The meeting required by 11 U.S. C A. § 341(a) that is held within a reasonable time after order for relief in every bankruptcy case. AUTOMATIC STAY A stay that goes into effect upon the filing of a bankruptcy petition that precludes a creditor from collecting a prepetition collecting a prepetition claim against the debtor or the bankruptcy estate. BANKRUPTCY ESTATE The estate created upon the filing of a bankruptcy petition. EXECUTORY CONTRACT A contract in which performance has not been completed by either party. ADEQUATE PROTECTION The protection afforded a creditor with an interest in property of the bankruptcy estate. UNEXPIRED LEASE An agreement that has not expired pertaining to the transfer of the right to possession and use of real or personal property in exchange for a promise to pay. PROOFS OF CLAIM Documents filed in the bankruptcy court stating the nature and amount of the claim. PROOFS OF INTEREST Documents filed in the bankruptcy court by equity security holders stating the nature and amount of the interest. ADMINISTRATIVE EXPENSES post-petition expenses incurred in administering a bankruptcy case. ESTATE The entity that is created upon the filing of a bankruptcy petition, that is, the bankruptcy estate. PROPERTY OF THE ESTATE All of the legal and equitable interests in property of the debtor that are included in a bankruptcy estate on or after the commencement of the case. LIQUIDATION The sale of the nonexempt, non-burdensome assets of a bankruptcy estate. REAFFIRMATION An agreement entered into between a debtor and a creditor for a debt to survive the debtor's discharge. REDEMPTION The right of an individual debtor in a Chapter 7 case to satisfy a lien on tangible personal property intended for the personal, family or household use, securing a dischargeable consumer debt, by paying the creditor the value of the collateral securing the claim in full at the time of redemption. MUNICIPALITY A political subdivision or public agency or instrumentality of a state. DEBTOR IN POSSESSION A debtor in a Chapter 11 case in which a trustee has not been appointed to serve in the case. A debtor in a Chapter 12 case who has not been removed. ORDER FOR RELIEF The relief afforded a debtor upon the filing of a voluntary petition and the relief afforded creditors when the court grants the relief requested by an involuntary petition FAMILY FARMER WITH REGULAR ANNUAL INCOME A family farmer whose annual income is sufficiently stable and regular to enable the family farmer to make payments under a Chapter 12 plan. FAMILY FISHERMAN An individual corporation engaged in a commercial fishing operation whose debts do not exceed 1,500,000 and not less than 80 percent of whose aggregate noncontingent, liquidated debts arise out of a commercial fishing operation owned or operated owned by the debtor