Terms Used In Texas Agriculture Code Chapter 12A > Subchapter D - Examinations

• Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
• 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.