Indiana Code 8-22-1-11.5. “Loan contract”

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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.

Sec. 11.5. As used in this article, “loan contract” means a debt instrument other than a revenue or general obligation bond, such as a note.

As added by P.L.101-1987, SEC.2.