Indiana Code > Title 13 > Article 21 > Chapter 12 – Financing: Requirements for Issuance of Bonds Generally
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Terms Used In Indiana Code > Title 13 > Article 21 > Chapter 12 - Financing: Requirements for Issuance of Bonds Generally
- Fiduciary: A trustee, executor, or administrator.
- 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
- Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
- Property: includes personal and real property. See Indiana Code 1-1-4-5
- Statute: A law passed by a legislature.
- Trustee: A person or institution holding and administering property in trust.