Illinois Compiled Statutes > 110 ILCS 997 – Human Services Professional Loan Repayment Program Act
Current as of: 2024 | Check for updates
|
Other versions
Terms Used In Illinois Compiled Statutes > 110 ILCS 997 - Human Services Professional Loan Repayment Program Act
- Guarantor: A party who agrees to be responsible for the payment of another party's debts should that party default. Source: OCC
- Lien: A claim against real or personal property in satisfaction of a debt.
- Month: means a calendar month, and the word "year" a calendar year unless otherwise expressed; and the word "year" alone, is equivalent to the expression "year of our Lord. See Illinois Compiled Statutes 5 ILCS 70/1.10
- 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.