CFR > Title 13 > Chapter I > Part 101 > Subpart B – Employment of Private Counsel
Current as of: 2024 | Check for updates
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Other versions
| § 101.200 | When does SBA hire private counsel? |
| § 101.201 | What are the minimum terms of private counsel’s employment? |
Terms Used In CFR > Title 13 > Chapter I > Part 101 > Subpart B - Employment of Private Counsel
- Amortization: Paying off a loan by regular installments.
- Contract: A legal written agreement that becomes binding when signed.
- 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
- Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). Source: OCC
- Lien: A claim against real or personal property in satisfaction of a debt.
- Mortgage: The written agreement pledging property to a creditor as collateral for a loan.