Terms Used In California Codes > Water Code > Division 12 > Part 2 - FORMATION

• Adjourn: A motion to adjourn a legislative chamber or a committee, if passed, ends that day's session.
• Commission: means the Public Utilities Commission created by §. See California Public Utilities Code 20
• County: includes city and county. See California Water Code 14
• 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}
• Parent: means a natural parent, an adopted parent, or legal guardian. See California Education Code 49061
• Person: means any person, firm, association, organization, partnership, business trust, corporation, limited liability company, or company. See California Water Code 19
• 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.