22. "Person Related To." Section 9-615 [Maine cite section 9-1615] provides a special method for calculating a deficiency or surplus when "the secured party, a person related to the secured party, or a secondary obligor" acquires the collateral at a foreclosure disposition. Separate definitions of the term are provided with respect to an individual secured party and with respect to a secured party that is an organization. The definitions are patterned on the corresponding definition in Section 1.301(32) of the Uniform Consumer Credit Code (1974).

23. "Proposal." This definition describes a record that is sufficient to propose to retain collateral in full or partial satisfaction of a secured obligation. See Sections 9-620, 9-621, 9-622 [Maine cite sections 9-1620, 9-1621, 9-1622].

24. "Pursuant to Commitment." This definition is unchanged in substance from the corresponding definition in former Section 9105. It is used in connection with special priority rules applicable to future advances. See Section 9-323 [Maine cite section 9-1323].

25. "Software." The definition of "software" is used in connection with the priority rules applicable to purchase-money security interests. See Sections 9-103, 9-324 [Maine cite sections 9-1103, 9-1324]. Software, like a payment intangible, is a type of general intangible for purposes of this Article.

26. Terminology: "Assignment" and "Transfer." In numerous provisions, this Article refers to the "assignment" or the "transfer" of property interests. These terms and their derivatives are not defined. This Article generally follows common usage by using the terms "assignment" and "assign" to refer to transfers of rights to payment, claims, and liens and other security interests. It generally uses the term "transfer" to refer to other transfers of interests in property. Except when used in connection with a letter-of-credit transaction (see Section 9-107 [Maine cite section 9-1107], Comment 4), no significance should be placed on the use of one term or the other. Depending on the context, each term may refer to the assignment or transfer of an outright ownership interest or to the assignment or transfer of a limited interest, such as a security interest.

§9-1103.__Purchase-money security interest; application of

payments; burden of establishing