CFR > Title 26 > Chapter I > Subchapter D > Part 41 > Subpart A – Introduction
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| § 41.0-1 | Introduction |
Terms Used In CFR > Title 26 > Chapter I > Subchapter D > Part 41 > Subpart A - Introduction
- Evidence: Information presented in testimony or in documents that is used to persuade the fact finder (judge or jury) to decide the case for one side or the other.
- 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
- 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.