DEFINITION
Construction Debt

"Construction debt" means an amount owed under:

(a) An order or arbitration award issued by the board that has become final by operation of law;

(b) A judgment or civil penalty that has become final by operation of law arising from construction activities within the United States; or

(c) A judgment or civil penalty that has become final by operation of law arising from a failure to comply with ORS 656.017 (Employer required to pay compensation and perform other duties).

Loading conversations.
Similar or Related Terms
Statistics
401
Characters
80
Words
-9.73
Flesch Reading Ease
34.5
Flesch Kincaid Grade