Terms Used In Arizona Laws > Title 33 > Chapter 13 - Due On Sale Clauses

• 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}
• Property: includes both real and personal property. See Arizona Laws 1-215