Texas Special District Local Laws Code Chapter 1119 > Subchapter C – General Financial Provisions
Current as of: 2024 | Check for updates
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| § 1119.101 | General Authority to Borrow Money; Security |
Terms Used In Texas Special District Local Laws Code Chapter 1119 > Subchapter C - General Financial Provisions
- Annual percentage rate: The cost of credit at a yearly rate. It is calculated in a standard way, taking the average compound interest rate over the term of the loan so borrowers can compare loans. Lenders are required by law to disclose a card account's APR. Source: FDIC
- Injunction: An order of the court prohibiting (or compelling) the performance of a specific act to prevent irreparable damage or injury.
- Trial: A hearing that takes place when the defendant pleads "not guilty" and witnesses are required to come to court to give evidence.