As used in this part: (1) "Claimant" means a person who files a notice. (2) "Guarantee" means an agreement by a claimant to pay an amount of damages: (a) specified by the court; (b) suffered as a result of the maintenance of a notice; (c) to a person with an interest in the real property that is the subject of the notice; and (d) if the requirements of Subsection 78B-6-1304(5) are met. (3) "Notice" means a notice of the pendency of an action filed under Section 78B-6-1303.
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