Terms Used In Indiana Code > Title 5 > Article 28 > Chapter 32 - Business Development Loan Fund

• Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
• fund: refers to the business development loan fund. See Indiana Code 5-28-32-1
• 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}