Maryland Code > LOCAL GOVERNMENT > Division IV > Title 19 > Subtitle 2 > Part VI – Interest Rate Exchange Agreements
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| § 19-236 | Interest rate exchange agreement or contracts |
Terms Used In Maryland Code > LOCAL GOVERNMENT > Division IV > Title 19 > Subtitle 2 > Part VI - Interest Rate Exchange Agreements
- County: means a county of the State or Baltimore City. See
- 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
- state: means :
(1) a state, possession, territory, or commonwealth of the United States; or
(2) the District of Columbia. See