California Codes > Public Utilities Code > Division 1.7 > Part 1 > Chapter 2 – Definitions
Current as of: 2024 | Check for updates
|
Other versions
Terms Used In California Codes > Public Utilities Code > Division 1.7 > Part 1 > Chapter 2 - Definitions
- Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
- Bankruptcy: Refers to statutes and judicial proceedings involving persons or businesses that cannot pay their debts and seek the assistance of the court in getting a fresh start. Under the protection of the bankruptcy court, debtors may discharge their debts, perhaps by paying a portion of each debt. Bankruptcy judges preside over these proceedings.
- County: includes city and county. See California Water Code 14
- districts: means one or more irrigation districts together with one or more county water districts. See California Water Code 23450
- Real property: Land, and all immovable fixtures erected on, growing on, or affixed to the land.
- State: means the State of California, unless applied to the different parts of the United States. See California Water Code 18
- Variable Rate: Having a "variable" rate means that the APR changes from time to time based on fluctuations in an external rate, normally the Prime Rate. This external rate is known as the "index." If the index changes, the variable rate normally changes. Also see Fixed Rate.