Texas Insurance Code Chapter 4051 > Subchapter I – Personal Lines Property and Casualty Agent
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Terms Used In Texas Insurance Code Chapter 4051 > Subchapter I - Personal Lines Property and Casualty Agent
- 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
- Person: includes corporation, organization, government or governmental subdivision or agency, business trust, estate, trust, partnership, association, and any other legal entity. See Texas Government Code 311.005
- Property: means real and personal property. See Texas Government Code 311.005
- Week: means seven consecutive days. See Texas Government Code 311.005