"Merchant" Section 2-104.

"Negotiable instrument" Section 3-1104.

"Nominated person" Section 5-1102.

"Note" Section 3-1104.

"Proceeds of a letter of credit" Section 5-114.

"Prove" Section 3-1103.

"Sale" Section 2-106.

"Securities account" Section 8-1501.

"Securities intermediary" Section 8-1102.

"Security" Section 8-1102.

"Security certificate" Section 8-1102.

"Security entitlement" Section 8-1102.

"Uncertificated security" Section 8-1102.

Article 1 contains general definitions and principles of construction and interpretation applicable throughout this Article.

Official Comment

1. Source. All terms that are defined in Article 9 [Maine cite Article 9-A] and used in more than one section are consolidated in this section. Note that the definition of "security interest" is found in Section 1-201, not in this Article, and has been revised. See Appendix I. Many of the definitions in this section are new; many others derive from those in former Section 9105. The following Comments also indicate other sections of former Article 9 that defined (or explained) terms.

2. Parties to Secured Transactions.

a. "Debtor"; "Obligor"; "Secondary Obligor." Determining whether a person was a "debtor" under former Section 9- 105(1)(d) required a close examination of the context in which the term was used. To reduce the need for this