Terms Used In Alaska Statutes > Title 27 > Chapter 9 - Mining Loan Fund

• Amortization: Paying off a loan by regular installments.
• commissioner: means the commissioner of natural resources. See Alaska Statutes 27.40.010
• department: means the Department of Natural Resources. See Alaska Statutes 27.40.010
• Fiscal year: The fiscal year is the accounting period for the government. For the federal government, this begins on October 1 and ends on September 30. The fiscal year is designated by the calendar year in which it ends; for example, fiscal year 2006 begins on October 1, 2005 and ends on September 30, 2006.
• Foreclosure: A legal process in which property that is collateral or security for a loan may be sold to help repay the loan when the loan is in default. ^{Source: OCC}
• Lien: A claim against real or personal property in satisfaction of a debt.
• 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.