Illinois Compiled Statutes 20 ILCS 3805/7.16 – Subject to its covenants with its noteholders and bondholders, the …
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Terms Used In Illinois Compiled Statutes 20 ILCS 3805/7.16
- Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
- 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.
Subject to its covenants with its noteholders and bondholders, the Authority may sell at public or private sale, any mortgage or other obligation held by the Authority.