Texas Education Code Chapter 162 – Interstate Compact On Educational Opportunity for Military Children
Current as of: 2023 | Check for updates
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§ 162.001 | Definitions |
§ 162.002 | Execution of Compact |
§ 162.003 | Effect On Texas Laws |
§ 162.004 | Compact Commissioner |
§ 162.006 | State Advisory Council and Coordination |
Terms Used In Texas Education Code Chapter 162 - Interstate Compact On Educational Opportunity for Military Children
- Foreclosure: A legal process in which property that is collateral or security for a loan may be sold to help repay the loan when the loan is in default. Source: OCC
- 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
- Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). Source: OCC
- Liabilities: The aggregate of all debts and other legal obligations of a particular person or legal entity.
- Lien: A claim against real or personal property in satisfaction of a debt.
- 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.
- Settlement: Parties to a lawsuit resolve their difference without having a trial. Settlements often involve the payment of compensation by one party in satisfaction of the other party's claims.