§ 1204.001 Definitions
§ 1204.002 Applicability
§ 1204.003 Computation of Public Security Years
§ 1204.004 Computation of Net Interest Cost
§ 1204.005 Computation of Net Effective Interest Rate
§ 1204.006 Maximum Interest Rate
§ 1204.007 Maximum Interest Rate for Certain Public Securities

Terms Used In Texas Government Code Chapter 1204 - Interest Rate

  • Annuity: A periodic (usually annual) payment of a fixed sum of money for either the life of the recipient or for a fixed number of years. A series of payments under a contract from an insurance company, a trust company, or an individual. Annuity payments are made at regular intervals over a period of more than one full year.
  • 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.
  • 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
  • Property: means real and personal property. See Texas Government Code 311.005
  • Year: means 12 consecutive months. See Texas Government Code 311.005