California Codes > Public Utilities Code > Division 10 > Part 15 > Chapter 3 > Article 2 – Formation Election
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Terms Used In California Codes > Public Utilities Code > Division 10 > Part 15 > Chapter 3 > Article 2 - Formation Election
- County: includes city and county. See California Public Utilities Code 18
- department: means the Department of Veterans Affairs. See California Military and Veterans Code 690
- Dependent: A person dependent for support upon another.
- 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
- Recourse: An arrangement in which a bank retains, in form or in substance, any credit risk directly or indirectly associated with an asset it has sold (in accordance with generally accepted accounting principles) that exceeds a pro rata share of the bank's claim on the asset. If a bank has no claim on an asset it has sold, then the retention of any credit risk is recourse. Source: FDIC
- State: means the State of California, unless applied to the different parts of the United States. See California Public Utilities Code 17