Oregon Statutes > Chapter 223 > Local Government Programs to Finance Certain Improvements
Current as of: 2023 | Check for updates
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Other versions
§ 223.680 | Local government programs to finance utilities improvements to real property |
§ 223.685 | Local government programs to finance seismic rehabilitation of real property |
Terms Used In Oregon Statutes > Chapter 223 > Local Government Programs to Finance Certain Improvements
- 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
- Lien: A claim against real or personal property in satisfaction of a debt.
- local government: means all cities, counties and local service districts located in this state, and all administrative subdivisions of those cities, counties and local service districts. See Oregon Statutes 174.116
- Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
- Real property: Land, and all immovable fixtures erected on, growing on, or affixed to the land.