Indiana Code 5-1.2-2-4. “Bond”
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Sec. 4. “Bond”, for purposes of IC 5-1.2-16, means any:
(2) bond or other obligation for which a special volume cap is authorized under a federal act.
(1) bond or mortgage credit certificate for which it is necessary to procure volume under the volume cap under Section 146 of the Internal Revenue Code; or
Terms Used In Indiana Code 5-1.2-2-4
- 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.
As added by P.L.189-2018, SEC.25.