Terms Used In Utah Code > Title 63B > Chapter 10 > Part 2 - 2001 Highway General Obligation Bond Anticipation Notes Authorization

• Bond anticipation note: means a note issued in anticipation of the receipt of the proceeds of the sale of the bonds authorized under 1. See Utah Code 63B-10-201
• Bonds: means any bonds, bond anticipation notes, or other obligations authorized under this title for which the full faith, credit, and resources and ad valorem taxing power of the state have been pledged for the payment of the principal of and interest on the bonds. See Utah Code 63B-1-101
• Commission: means the State Bonding Commission created in Section 63B-1-201. See Utah Code 63B-1-101
• 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}
• Revolving credit: A credit agreement (typically a credit card) that allows a customer to borrow against a preapproved credit line when purchasing goods and services. The borrower is only billed for the amount that is actually borrowed plus any interest due. (Also called a charge account or open-end credit.) ^{Source: OCC}
• State: when applied to the different parts of the United States, includes a state, district, or territory of the United States. See Utah Code 68-3-12.5