Indiana Code > Title 36 > Article 9 > Chapter 32 – Financing of Public Improvements in Municipalities
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Terms Used In Indiana Code > Title 36 > Article 9 > Chapter 32 - Financing of Public Improvements in Municipalities
- Dependent: A person dependent for support upon 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
- National Bank: A bank that is subject to the supervision of the Comptroller of the Currency. The Office of the Comptroller of the Currency is a bureau of the U.S. Treasury Department. A national bank can be recognized because it must have "national" or "national association" in its name. Source: OCC
- Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.
- Property: includes personal and real property. See Indiana Code 1-1-4-5
- Public improvements: means :
Indiana Code 36-9-32-3
- Statute: A law passed by a legislature.
- System: means any sewage works or municipally owned utility, as defined in IC 8-1-2-1. See Indiana Code 36-9-32-3
- Trustee: A person or institution holding and administering property in trust.