7 CFR Part 1810 – Interest Rates, Terms, Conditions, and Approval Authority
Current as of: 2024 | Check for updates
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| Subpart A | Interest Rates, Amortization, Guarantee Fee, Annual Charge, and Fixed Period |
Terms Used In 7 CFR Part 1810 - Interest Rates, Terms, Conditions, and Approval Authority
- Interest rate: The amount paid by a borrower to a lender in exchange for the use of the lender's money for a certain period of time. Interest is paid on loans or on debt instruments, such as notes or bonds, either at regular intervals or as part of a lump sum payment when the issue matures. Source: OCC
- Jurisdiction: (1) The legal authority of a court to hear and decide a case. Concurrent jurisdiction exists when two courts have simultaneous responsibility for the same case. (2) The geographic area over which the court has authority to decide cases.