California Government Code 43766 – The interest rate on the bonds need not be the same during the entire …
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The interest rate on the bonds need not be the same during the entire term and different rates may be fixed for one or more interest payments.
(Added by Stats. 1949, Ch. 79.)
Terms Used In California Government Code 43766
- 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