2890

LAWS OF MARYLAND

Ch. 824

(J) "MORTGAGE" MEANS A CONSENSUAL INTEREST
CREATED BY A REAL ESTATE MORTGAGE, A TRUST DEED ON REAL
ESTATE, OR THE LIKE;

(K) AN ADVANCE IS MADE "PURSUANT TO COMMITMENT"
IF THE SECURED PARTY HAS BOUND HIMSELF TO MAKE IT, WHETHER
OR NOT A SUBSEQUENT EVENT OF DEFAULT OR OTHER EVENT NOT
WITHIN HIS CONTROL HAS RELIEVED OR MAY RELIEVE HIM FROM HIS
OBLIGATION;

[(h)] (L) "Security agreement" means an
agreement which creates or provides for a security interest;

[(i)] (M) "Secured party" means a lender, seller
or other person in whose favor there is a security interest,
including a person to whom accounts[, contract rights] or
chattel paper have been sold. When the holders of
obligations issued under an indenture of trust, equipment
trust agreement or the like are represented by a trustee or
other person, the representative is the secured party.

(N) "TRANSMITTING UTILITY" MEANS ANY PERSON
PRIMARILY ENGAGED IN THE RAILROAD, STREET RAILWAY OR TROLLEY
BUS BUSINESS, THE ELECTRIC OR ELECTRONICS COMMUNICATIONS
TRANSMISSION BUSINESS, THE TRANSMISSION OF GOODS BY
PIPELINE, OR THE TRANSMISSION OR THE PRODUCTION AND
TRANSMISSION OF ELECTRICITY, STEAM, GAS OR WATER, OR THE
PROVISION OF SEWER SERVICE.

(2)  Other definitions applying to this title and the
sections in which they appear are:

"Account." § 9-106.

"ATTACH." § 9-203.

"Consumer goods." § 9-109(1).

["Contract right." § 9-106.]

"Equipment." § 9-109(2).

"Farm products." § 9-109(3).

"General intangibles." § 9-106.

"Inventory." § 9-109(4).

"Lien creditor." § 9-301(3).

"Proceeds." § 9-306(1).

"Purchase money security interest." § 9-107.

"UNITED STATES." § 9-103.

(3)  The following definitions in other titles apply to
this title.

"Check." § 3-104.

"Contract for sale." § 2-106.

"Holder in due course." § 3-302.

"Note." § 3-104.

"Sale." § 2-106.

(4)  In addition Title 1 contains general definitions
and principles of construction and interpretation applicable
throughout this title.