Texas Special District Local Laws Code Chapter 1093 > Subchapter E – Bonds
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Terms Used In Texas Special District Local Laws Code Chapter 1093 > Subchapter E - Bonds
- Deed: The legal instrument used to transfer title in real property from one person to another.
- 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
- Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
- Year: means 12 consecutive months. See Texas Government Code 311.005
