Terms Used In 11 CFR Part 9008 - Federal Financing of Presidential Nominating Conventions

• Attorney-in-fact: A person who, acting as an agent, is given written authorization by another person to transact business for him (her) out of court.
• Counterclaim: A claim that a defendant makes against a plaintiff.
• Ex officio: Literally, by virtue of one's office.
• Fixed Rate: Having a "fixed" rate means that the APR doesn't change based on fluctuations of some external rate (such as the "Prime Rate"). In other words, a fixed rate is a rate that is not a variable rate. A fixed APR can change over time, in several circumstances:
  • You are late making a payment or commit some other default, triggering an increase to a penalty rate
  • The bank changes the terms of your account and you do not reject the change.
  • The rate expires (if the rate was fixed for only a certain period of time).
• Forbearance: A means of handling a delinquent loan. A
• Grace period: The number of days you'll have to pay your bill for purchases in full without triggering a finance charge. ^{Source: Federal Reserve}
• Liabilities: The aggregate of all debts and other legal obligations of a particular person or legal entity.
• Lien: A claim against real or personal property in satisfaction of a debt.
• Mortgagor: The person who pledges property to a creditor as collateral for a loan and who receives the money.
• Probable cause: A reasonable ground for belief that the offender violated a specific law.
• Uphold: The decision of an appellate court not to reverse a lower court decision.