Glossary

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A

Account
Also referred to as a client account, this is the organization’s account with Personal Property Registry, which allows a user who is affiliated to that organization to charge for registration and or search services.

Additions
Heading that appears on verification statements when a financing change statement is registered. Indicates the addition of blocks of information to a current registration.

Agency
See civil enforcement agency.

Aircraft
Includes a hot air balloon, but not a hovercraft.

Amendment
Any addition, deletion or change to an existing registration.

Annuity
An investment that provides a defined series of payments in the future in exchange for an up-front sum of money.

Anton Pillar Order
A court order that directs seizure of debtor’s goods in emergency circumstances to preserve property.

APPRES
Alberta Personal Property Registry Electronic System (APPRES). The Personal Property Registry system for registering and searching a wide variety of interests.

Artificial Body
Includes a partnership, a corporation, an association, an organization, an estate of a deceased individual or of a bankrupt, a trade union, a trust, a syndicate or a joint venture, but does not include an individual. (See section 1(1) (d) of the PPSR.)

Attachment (Security Interest)
Occurs for a security interest, including a security interest in the nature of a floating charge, when

  1. value is given, and
  2. the debtor has rights in the collateral, and
  3. except for the purpose of enforcing rights between the parties to the security agreement, the security interest becomes enforceable (See section12 (1) of the PPSA.)

Attachment Order
A pre-judgment order granted by the Court pursuant to the Civil Enforcement Act. Allows the person or organization to pursue garnishment proceedings or instruct a civil enforcement agency to seize personal property.

Automatic Stay
A registration performed when a default judgment has been appealed to stay enforcement activity. This registration is initiated automatically through the CASES interface with APPRES.

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B

Bailee
A person entrusted with the possession of personal property that is under the legal control of a bailor.

Bailee’s Undertaking
A written document signed by the bailee promising to deliver goods left in the bailee’s possession at the direction of the bailor (also referred to as a bailiff). A Bailee’s Undertaking Form (i.e., Form 8) is provided in the Civil Enforcement Regulation.

Bailiff
A bailor appointed under the Civil Enforcement Act. (See also Bailor.)

Bailor
Referred to in the Civil Enforcement Act as a person who has legal authority to direct the delivery of possession of goods under seizure. (See also Bailiff.)

Bill of Sale
A written agreement that conveys title in property from seller to buyer and is not registered in PPR.

Bills of Exchange Act
A Federal statute that defines the requirements for written documents involving money obligations including loan agreements.

Block
A section (or cluster) of information on a verification statement or search result. Information blocks include:

  • The information for a debtor, including name, birth date, address. May include occupation and gender, depending on the registration type.
  • The information for a secured party, including name, address and phone and fax numbers.
  • The information for a solicitor/agent including name, address, phone, fax and reference number.
  • A line of serial number collateral.
  • A description of general collateral.
  • A description of particulars.

Block Number
Is assigned by the APPRES system to a block of collateral, debtor, secured party or particulars information. Appears on the verification statement or search result.

Business Debtor Search
Used to search PPR by finding the name of a debtor that is not an individual.

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C

Call Box
Call boxes are located in the J. E. Brownlee Building in Edmonton and the Government Services Building in Calgary. PPR material may be distributed directly to a call box for pick up.

Case law
A series of case names that represent the written decisions (or reasons) for judgments of the Courts.

Case name
A reported written judgment of a court. Collectively, reported written judgments of courts form part of the common law. An example of a case name including the citation reference (i.e. place in a book where one may read the case) is this: General Motors Acceptance Corp. of Canada v. Trans Canada Credit Corp., 15 Alta. L.R. (3d) 425 (M)

CASES
Court and Sheriff Entry System. Used by the Clerk of the Court to perform daily business functions. Automatic Stay, Bankruptcy Proposal and Orderly Payment of Debt registrations are sent from CASES to APPRES daily.

CEA
Civil Enforcement Act R.S.A. 2000, c. C-15.A statute of the province of Alberta that authorizes and regulates, amongst other matters, the seizure and sale of debtor property and distribution of sale proceeds.

CEA Regulation
Regulation to the Civil Enforcement Act R.S.A. 2000, c. C-15 entitled the Civil Enforcement Regulation Chattel paper. One or more writings that evidence both a monetary obligation and a security interest in or lease of specific goods or specific goods and accessions. Does not include a security agreement providing for a security interest in specific goods and after-acquired goods other than accessions. (See Section 1(1) (f) of the PPSA.)

Civil Enforcement Agency
Community-based service centres that perform privatized functions of the Sheriff’s Office, and that are authorized to seize, sell and distribute proceeds in accordance with the Civil Enforcement Act. (See section 1(1) (b) of the Civil Enforcement Act.)

Civil Enforcement Proceedings
Legal processes authorized by the Civil Enforcement Act that include writ proceedings, distress authorized by law and evictions authorized by law or by a Court Order.

Clerk of the Court
An official of the Court of Queen’s Bench of Alberta responsible for the administration of the Court, including issuing Statements of Claim.

Collateral
Personal property that is subject to a security interest

  1. in respect of a security interest, the personal property that is subject to the security interest,
  2. authorized under the Sale of Goods Act or the Factors Act, the goods or documents of title that are the subject of the registration,
  3. authorized under the Garage Keepers’ Lien Act, the motor vehicle or farm vehicle that is the subject of the registration,
  4. in respect of a writ of enforcement, the property of the enforcement debtor to be bound by the writ,
  5. authorized to be registered under the Matrimonial Property Act, the mobile home or household goods that are the subject of the registration,
  6. authorized to be registered under the Workers’ Compensation Act, the property that is the subject of the registration,
  7. in respect of a Crown charge, the property that is subject to the Crown charge,
  8. in respect of a statutory charge, the property that is subject to the statutory charge,
  9. in respect of a charge on land, the real property that is subject to the charge, and
  10. in respect of a general property order, the property that is subject to the order.

(See section 1(1) (g) of the Personal Property Security Regulation.)

Common law
In Canada and most other countries of the British Commonwealth, the Common law is a system of non-statutory law written by judges. It consists of written decisions (or reasons) for judgments of the Courts. In Canada, the common law is in force in all
provinces and territories of Canada except the Province of Quebec. Statutory law on the same legal issue supersedes the Common law. See also case names.

Consolidated Registration
The collection of information on a registration as of the date of the latest search result. Includes all changes made to the original registration.

Consumer Goods
Goods used for personal, family or household purposes.

Corporation
A type of artificial body that is created by registration of incorporation or organizing documents with a Registrar of Corporations (or similar official in jurisdictions outside of Alberta). All corporations created outside of Alberta that carry on business activities in
Alberta are required to register with the Registrar of Corporations using the CORES remote registration system.

Corporation Name
The name of the corporation that appears on the Certificate of Incorporation or the Certificate of Registration for a corporation incorporated or registered in Alberta. The name is issued by the Registrar of Corporations under the CORES system.

Court
The Court of Queen’s Bench of Alberta and the Federal Court of Canada, Trial Division have jurisdiction over the PPR. Unless stated otherwise, any reference to Court in these materials means the Court of Queen’s Bench of Alberta. A reference to Federal Court
means the Federal Court of Canada, Trial Division.

The Court of Appeal of Alberta and the Supreme Court of Canada have jurisdiction over PPR, but only if those Courts register their Orders and Judgments in the Court of Queen’s Bench of Alberta.

The Provincial Court of Alberta, Civil Division may make an Order or Judgment in the form of a Certificate that may be registered in the Court of Queen’s Bench of Alberta and is thereafter enforceable as an Order or Judgment of the Court of Queen’s Bench of
Alberta.

Court of Appeal of Alberta
Hears appeals from various courts and tribunals, including the Court of Queen’s Bench of Alberta. May make Orders and Judgments that may be enforced through the Court of Queen’s Bench of Alberta.

Court of Queen’s Bench of Alberta
The highest trial level court in Alberta with plenary and statutory jurisdiction and authority. Most civil enforcement proceedings are commenced in this Court. Each of the Court’s Justices and Masters has jurisdiction over the Province of Alberta. The Court is
organized by Judicial District. (See also Court.)

Court Order
A written and filed Order of the Court made by a Justice or Master. For the purposes of APPRES, an Order may have the same effect as a Judgment (i.e., it may direct the issuance of writ proceedings or direct seizure of personal property.)

Court Order Date
The date of hearing or the date of pronouncement of a Judgment or Order. This date is found on the first page of the Court Order. This date may be earlier than the date the Court Order is filed at the Courthouse. See s. 277 of the Business Corporations Act.

In some cases, the Court may direct that the Court Order become effective on a date later than the hearing date. This direction will be contained within the numbered paragraphs of the Court Order. If the Court directs that the Order is to be effective at a later date, use that date as the Court Order date.

Court Order for Exclusive Possession
See Exclusive Possession Order.

Crown Charge
A lien, charge, or other interest that

  1. affects property,
  2. is created by a law, including the common law, and
  3. is held by the Crown in right of Canada or a province

(See section 1(1)(i) of the Personal Property Security Regulation.)

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D

Date of Court Order
See Court Order Date.

Debtor
A person who owes money or the performance of an obligation.

Designated Manufactured Home
Defined in section 284(1) (f.1) of the Municipal Government Act. Is subject to a Tax Recovery Lien under Part 10, Division 8.1 of this Act.

Disposition
Any sale or lease of personal property. (See s. 36 of the Civil Enforcement Act.)

Distrain
A process used to levy the right of distress. A right to distrain is the right of certain creditors to instruct a civil enforcement agency to take possession of personal property without the need for a Court Order. The Court may authorize distress by Court Order where the creditor does not have a pre-existing right of distress. (See also Distress.)

Distress
Anything done to exercise

  1. a right of a landlord to distrain for unpaid rent,
  2. a right of a lessor of personal property to repossess,
  3. a right of a secured party to enforce a security interest under section 56(1) (a) or 58(1) of the Personal Property Security Act,
  4. a right to take possession of personal property under an order of the Court,
  5. a right of distress under an enactment, or
  6. any other right under a law in force in Alberta to take personal property out of the possession of a person other than under the authority of a writ 

(See also Distrain.) (See section 1(1) (m) of the Civil Enforcement Act.)

Distribution Seizure Search
Usually conducted by civil enforcement agents prior to effecting seizure, sale and distribution of proceeds. When recording Distribution Seizure Search details, you may indicate an “as at date” which determines what registrations are current and eligible for distribution.

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E

Enforcement Creditor
A person who holds an active writ and who is entitled to commence and maintain civil enforcement proceedings.

Enforcement Debtor
A person against whom a writ is in force.

Equipment
Goods that are not inventory or consumer goods.

Exact Match
A search result that exactly matches the search criteria character for character.

Exclusive Possession Order
An Order of the Court of Queen’s Bench of Alberta that grants one spouse exclusive possession of either real property or personal property or both.

Exclusive possession orders affecting real property are registered against a specific land title in the Land Titles Office. Exclusive possession orders affecting personal property are registered in the Personal Property Registry by registering a Matrimonial Property
Order.

Exigible Property
Property that may be legally seized and for which there is no legal exemption from seizure.

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F

Farm Vehicle
A farm machine or other machine or equipment that is:

  • identifiable by a manufacturer’s serial number permanently marked or attached on it,
  • used or intended for use in any type of farming operation, and
  • not a motor vehicle.

Federal Court of Canada
See Court.

Federal Writ
An order of the Federal Court of Canada that allows civil enforcement proceedings in Alberta. (See also Writ and Writ of Seizure and Sale (Federal Writ).)

Financing Statement
Section 1(1) (s) of the PPSA defines a financing statement as:

  • a printed financing statement in the form authorized under the regulations and required or permitted to be registered under this Act, and
  • where the context permits,
    • data authorized under the regulations to be transmitted to an office of the Registry to effect a registration,
    • a financing change statement

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G

Garage Keeper
A person who keeps a place of business for the housing, storage or repair of a motor vehicle or farm vehicle and who receives compensation for that housing, storage or repair.

Gender
The sex of an individual debtor. Identified in APPRES as one of three values: male, female, or unknown.

General Collateral
Collateral other than serial number goods (or serial number goods not described in accordance with section 36 of the Personal Property Security Regulation such as inventory or equipment).

Goods
Tangible personal property, including consumer goods, inventory and equipment, but not including chattel paper, a document of title, an instrument, a security and money.

Guarantee
A written promise whereby the guarantor promises to pay the obligation of a debtor if the debtor does not pay the obligation. (See Guarantor.)

Guarantor
The person who executes a guarantee in favour of a creditor to pay the obligations of a debtor.

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H

Hypothecation Agreement
A type of security agreement that secures the performance of an obligation.

I

Individual
A living natural person. A deceased or bankrupt person is considered in law to be an artificial body. An individual is not a business.

Infinity
A registration term that will not expire from APPRES.

Intangibles
Personal property other than goods, chattel paper, a security, a document of title, an instrument and money.

Interjurisdictional Support Orders Act
An Alberta statute that allows the registration in the Court of Queen’s Bench of Alberta of orders granted by Courts outside of Alberta for the payment of maintenance and alimony. When properly registered, the Order of the Court outside of Alberta becomes
an order of the Court of Queen’s Bench of Alberta. (See also Court Order.)

Inventory
Goods that are kept on hand for sale or lease. Also includes goods supplied under a service contract, raw materials and materials used in business.

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J

Judgment
A written and filed Court Order that usually directs the payment of a sum of money. Allows a person to have the Clerk of the Court of Queen's Bench of Alberta issue a Writ of Enforcement. A Justice or a Master can make a judgment.

Judicial District
The Court of Queen’s Bench of Alberta is organized geographically by Judicial District. The Provincial Court of Alberta also has a number of circuit sitting locations within each Judicial District.

There are 11 Judicial Districts in Alberta. Each Judicial District has one or more courthouses where documents may be filed. When registering details of a Court Order or Judgment, the Judicial District is the location that is entered in PPR.

Justice, A
A Judge of the Court of Queen’s Bench of Alberta, the Court of Appeal of Alberta, the Federal Court of Canada or the Supreme Court of Canada.

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K

L

Land Charge
The registration of an interest in the real property of a corporation that secures payment or performance of an obligation.

Landlord’s Distress
See Distress and Distrain

M

Maintain Preferences
The act of setting specific defaults and predefined text information for each APPRES user. There are 4 types of preferences in Personal Property Registry: pre-defined collateral, pre-defined particulars, current distributions and miscellaneous settings.

Maintenance Order
A registration that records a Court Order and details the interest of a creditor for outstanding child support and/or spousal support.

Manufactured Home
Any structure, whether ordinarily equipped with wheels or not, used as a residence or for any other purpose.

Master in Chambers
A Master is a judicial official of the Court of Queen’s Bench of Alberta who has jurisdiction to hear most procedural matters, most summary civil actions and other actions as determined by statute and the Rules of Court.

Motor Vehicle
A mobile device propelled primarily by any power other than muscular power. Designed for transporting persons or things on a road or natural terrain, or used in the construction or maintenance of roads. Includes a pedal bicycle with a motor, but does not include a
device that runs on rails or farm vehicles, except for a combine or tractor.

For a Garage Keeper’s lien, a motor vehicle means any mobile device propelled by any power other than muscular power. Includes an airplane, but does not include a vehicle that runs only on rails.

Municipality
A city, town, village, summer village, municipal district or specialized municipality.
(See section 1(1)(s)of the Municipal Government Act.)

My Alberta Digital Identity (MADI)

MADI is used to create a user name and password as part of the login process.

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N

O

Occupation
The occupation of the individual debtor.

Order
See Court Order.

Order for Exclusive Possession
See Exclusive Possession Order.

P

Partial Transfers
A secured party or a debtor may transfer a partial interest in some or all of the collateral, or the entire interest in some of the collateral, to another person. Details of these transfers may be recorded in the Particulars section of the registration. (See section 47 of the PPSR).

Particulars
The place in APPRES where information relating to a Court Order, other changes and additional information is captured.

PDF
Portable document format. Material is produced in PDF when a user distributes a product by email or selects desktop download. To view a PDF file, a user will need to download a free copy of the Acrobat Reader software from Adobe.

Person
Includes both an individual and an artificial body.

Person Claiming Lien
A person or organization (Garage Keeper) that has provided repairs, parts, accessories or storage for a vehicle and has not received payment.

Personal Property
All property other than land, including goods, chattel paper, a security, a document of title, an instrument, money or an intangible. (See section 1(1)(gg) of the PPSA.)

Plaintiff
A person who claims through a court process. Sometimes called an applicant.

PPR
Personal Property Registry

PPSA
Personal Property Security Act

PPSR
The Personal Property Security Regulation

Predefined General Collateral
Descriptions of general collateral that are created by a user and stored in Maintain Preferences. The user can then choose to insert that same text into the General Collateral section of registration types that permit a general collateral description. Up to 15 predefined general collateral descriptions can be created.

Predefined Particulars
Descriptions of particulars that are created by a user and stored in Maintain Preferences. The user can then choose to insert the same text into the Particulars section of a registration. Up to 15 predefined Particulars descriptions can be created.

Proceeds
Anything a debtor receives from a sale or other transaction involving the collateral. Includes trade-ins, cash and accounts receivable.

Promissory note
A document signed by the promisor evidencing a money obligation in favour of another person. (See the Bills of Exchange Act.)

Provincial Court of Alberta, Civil Division
A Judge of the Provincial Court of Alberta, Civil Division may make an Order or Judgment in the form of a certificate that may be registered in the Court of Queen’s Bench of Alberta. Once registered, the Order or Judgment becomes an Order or Judgment of the Court of Queen’s Bench of Alberta.

The Judgment or Order of the Court of Queen’s Bench of Alberta is enforceable by issuance of a writ by the Court of Queen’s Bench of Alberta, which is then registered in PPR.

Purchase Money Security Interest (PMSI)
Credit is granted or money advanced by a creditor to the debtor so the debtor acquires an interest in specific collateral (personal property). Generally speaking, the secured party in a PMSI gets a sort of super priority ahead of other creditors to seize that specific
collateral should the debtor default. (See section 1(1) (ll) of the PPSA.)

There is no special designation recorded when registering a PMSI. Instead special rights for a PMSI creditor are determined by the relationship including the security agreement between the PMSI creditor and debtor.

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R

Railway Rolling Stock
When the Railway (Alberta) Act was amended in 2002, the requirement for registering Mortgage Deeds in PPR pursuant to the Railway (Alberta) Act was repealed. Existing Railway Rolling Stock registrations will continue in PPR until the secured party discharges the registration. A secured party can also perform an Amendment to existing Railway Rolling Stock registrations.

Receiver’s Report
A type of registration that records receiver’s report information and establishes a personal property interest.

Reciprocal Enforcement of Judgments Act
An Alberta statute that allows the registration in the Court of Queen’s Bench of Alberta of orders granted by Courts outside of Alberta for the payment of a sum of money. When properly registered, the order of the Court outside of Alberta becomes an Order of the
Court of Queen’s Bench of Alberta. (See also Court Order.)

Related Writ
An unexpired writ issued by the Court that is registered in and has an unexpired term of registration in PPR. Related writs are entitled to share in the proceeds of civil enforcement proceedings according to priority ranking established by the Civil Enforcement Act and other statutes.

ROL
Registries On-line. Provides access to selected Service Alberta databases for authorized users.

Rules of Court
The Regulation that establishes the Rules of Procedure for the Court of Appeal of Alberta and the Court of Queen’s Bench of Alberta including Masters and taxation officers.

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S

Secured party
Secured party means, with respect to the registration of forms, where the registration is:

 

 

  1. in respect of a security interest, a “secured party” as defined in the PPSA,
  2. authorized under the Sale of Goods Act or the Factors Act, a person who, having bought goods, leaves the goods or the documents of title to the goods that are the subject of the registration in the possession of the seller,
  3. authorized under the Garage Keepers’ Lien Act, a garage keeper under the Garage Keepers’ Lien Act,
  4. in respect of a writ of enforcement, the enforcement creditor,
  5. authorized to be registered under the Matrimonial Property Act, a spouse in whose favour an order is registered under section 23 or 26 of the Matrimonial Property Act,
  6. authorized to be registered under the Workers’ Compensation Act, the Workers’ Compensation Board,
  7. in respect of a Crown charge, the holder of the Crown charge,
  8. in respect of a charge on land, the person claiming the charge,
  9. in respect of a general property order, the person in whose favour the order is given,
  10. in respect of a stay, the judgment creditor,
  11. in respect of a statutory charge, the person claiming the statutory charge,
  12. in respect of a receiver’s report, the receiver, and
  13. in respect of a maintenance order, the person in whose favour the maintenance order is given

 

 

(See section 1(1) (w) of the Personal Property Security Regulation A R 95/2001.)

Security
Security means a writing that is

  1. in bearer, order or registered form,
  2. of a kind commonly dealt in on securities exchanges or markets or commonly recognized in any area in which it is issued or dealt in as a medium for investment,
  3. one of a class or series or by its terms divisible into a class or series, and
  4. evidence of a share, participation or other interest in or obligation of the issuer of the writing, but does not include a writing that provides for or creates a mortgage or charge in respect of an interest in land that is specifically identified in the writing
(See section 1(1) (rr) of the Personal Property Security Act.)

Security Agreement
Security agreement means an agreement that creates or provides for a security interest, and, if the context permits, includes

  1. an agreement that creates or provides for a prior security interest, and
  2. a writing that evidences a security agreement

(See section 1(1) (ss) of the Personal Property Security Act.)

Security Interest
A security interest is

  1. an interest in goods, chattel paper, a security, a document of title, an instrument, money or an intangible that secures payment or performance of an obligation, other than the interest of a seller who has shipped goods to a buyer under a negotiable bill of lading or its equivalent to the order of the seller or to the order of the agent of the seller unless the parties have otherwise evidenced an intention to create or provide for a security interest in the goods, and
  2. the interest of
    1. a transferee arising from the transfer of an account or a transfer of chattel paper,
    2. a person who delivers goods to another person under a commercial consignment, and
    3. a lessor under a lease for a term of more than one year, whether or not the interest secures payment or performance of the obligation

(See section 1(1) (tt) of the Personal Property Security Act.)

Seizure
A legal concept that involves taking control of a debtor’s personal property through legal means. The debtor does not have to consent to this measure. Taking control may refer to physical control or legal control. See also Bailee, Bailor, Bailee’s Undertaking.

Serial Number Goods
A serial number description is required for the following goods:

  • Motor vehicle
  • Trailer
  • Mobile home
  • Designated manufactured home
  • Aircraft
  • Boat
  • Outboard motor for a boat

(See section 35 of the Personal Property Security Regulation.)

Serial Number Search
Can be conducted on items that are classified as serial number goods. As a minimum, use the following to search serial number goods:

  • For all cars and trucks, use the VIN (Vehicle Information Number) on the body frame
  • For aircraft, use the DOT (Department of Transport) registration marks on the airframe
  • For all other types of motor vehicles, e.g. motorcycles, motor homes, trailers, combines, tractors, mobile homes, road construction vehicles, etc., use the chassis number.

Share or shares
An ownership interest in a corporation held by shareholders. (See also Security.)

Small Claims Court
See Provincial Court of Alberta, Civil Division.

Statement of Claim
A document, usually prepared by a lawyer, which is presented at the Court of Queen’s Bench of Alberta and issued by the Clerk of the Court. A filed copy is served on one or more defendants using the rules provided by the Rules of Court. The Statement of Claim
commences a lawsuit that may lead to a Judgment or an Order and, subsequently, to a Writ of Enforcement.

Statute
An enactment of a legislature or Parliament. Sometimes called an Act.

Statutory Charge
Statutory charge means a lien, charge or other interest that

  1. affects property, and
  2. is created under an enactment in force in Alberta

(See section 1(1) (aa) of the Personal Property Security Regulation.)

Subordination
Happens when one registered interest is ranked behind another registration. Generally speaking, registered interests are ranked in order of registration. If rankings are equal in all other respects, an interest registered first in time will have a superior interest to an
interest registered later in time, unless the time of registration is irrelevant to ranking (such as Writs of Enforcement).

A pre-existing registration may be subordinated to a subsequent registration by amending the original registration and inserting the details in the Particulars section of the registration. This has the effect of postponing the previous registration in favour of the subsequent registration.

Supreme Court of Canada
Hears appeals from various courts and tribunals, including the Court of Appeal of Alberta. May make Orders and Judgments that may be enforced through the Court of Queen’s Bench of Alberta.

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T

Tax Recovery Lien
A charge to secure the amount of taxes owing to a municipality in respect of a designated manufactured home.

Transmitting Party
A party authorized by the Registrar to effect the registration of a financing statement or financing change statement by transmitting data electronically to the Registry. (See section 1(1) (dd) of the Personal Property Security Regulation.)

Trust Indenture
“Any deed, indenture or document, however designated, including any supplement or amendment to it, by the terms of which a person issues or guarantees, or provides for the issue or guarantee of debt obligations secured by a security interest and in which a person is appointed as trustee for the holder of the debt obligations issued, guaranteed or provided for under it.”
(Source: Section 1(1) (vv) PPSA)

Trustee
A person who holds property for the benefit of another person or persons pursuant to a Trust Indenture.

Trustee in bankruptcy
A person who holds property of a debtor for the benefit of creditors.

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V

Verification Statement
Confirms registration upon successful submission of a financing statement or financing change statement. Certain registration types permit a verification statement to be used to discharge or renew the registration (if the particular registration can be renewed).

  1. A verification statement, other than a verification statement referred to in section 55(2) of the PPSR, may be submitted to a transmitting party by a secured party to do one of the following:
    1. totally discharge the consolidated registration;
    2. renew the consolidated registration;
    3. in the case of a registration relating to a Garage Keeper’s Lien, register an Order of the Court extending the time for seizure;
    4. request a correction of an error made by the secured party or the transmitting party in registering information.
  2. The portion of a verification statement to be used for the purposes specified in subsection (1) is deemed to be a financing change statement for the purposes of the Act and this Regulation.
  3. Where a verification statement is submitted under subsection (1)(c), the Court order extending the time for seizure must be submitted to the transmitting party together with the verification statement.

(See section 56 of the Personal Property Security Regulation.)

Vexatious Registration
A financing statement or associated document that has been registered

  1. in circumstances where the secured party does not in law have a claim or interest in relation to the debtor for which a financing statement or associated document may be registered, and
  2. for the purpose of annoying or harassing the debtor.

(See section 57.1(f) of the Personal Property Security Regulation.)

W

Warrant
A document of authority directing a civil enforcement agency to effect seizure.

Workers’ Compensation Board Charge
A registration of a record of an interest for all or part of unpaid Workers’ Compensation Board premiums against an employer.

Writ
Includes a Writ of Enforcement plus any writ issued by the Court of Appeal, the Federal Court of Canada or the Supreme Court of Canada that is similar in nature to a Writ of Enforcement.

Writ of Enforcement
A document issued, usually after Judgment, by the Clerk of the Court of Queen’s Bench of Alberta that allows a judgment creditor to commence enforcement proceedings.

Writ of Seizure and Sale (Federal Writ)
An Order of the Federal Court of Canada that allows an enforcement creditor to initiate civil enforcement proceedings.

Writ Proceedings
Any action, step or measure authorized by this Act to be taken for the purpose of enforcing a money judgment.
(See section 1(1)(uu) of the Civil Enforcement Act.)

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Y

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