Terms Used In Indiana Code > Title 28 > Article 10 - General Provisions and Definitions

• benchmark: means an index of interest rates or dividend rates that is used, in whole or in part, as the basis of, or as a reference for, calculating or determining any valuation, payment, or other measurement under or with respect to a contract, security, or instrument. See Indiana Code 28-10-2-2
• benchmark replacement: means :

  Indiana Code 28-10-2-3

• benchmark replacement conforming changes: means any technical, administrative, or operational changes, alterations, or modifications that:

  Indiana Code 28-10-2-4

• corporation: means any:

  Indiana Code 28-10-3-1

• Deed: The legal instrument used to transfer title in real property from one person to another.
• development agreement: means the written agreement or group of written agreements that:

  Indiana Code 4-33-23-2

• economic development payment: means monetary disbursement paid under a development agreement that is:

  Indiana Code 4-33-23-4

• fallback provisions: means terms that are included in a contract, security, or instrument and that set forth a methodology or procedure for determining a benchmark replacement, including any terms relating to the effective date of the benchmark replacement, regardless of whether a benchmark replacement can be determined in accordance with the specified methodology or procedure. See Indiana Code 28-10-2-8
• Federal Reserve System: The central bank of the United States. The Fed, as it is commonly called, regulates the U.S. monetary and financial system. The Federal Reserve System is composed of a central governmental agency in Washington, D.C. (the Board of Governors) and twelve regional Federal Reserve Banks in major cities throughout the United States. ^{Source: OCC}
• Fiduciary: A trustee, executor, or administrator.
• Interest rate: The amount paid by a borrower to a lender in exchange for the use of the lender's money for a certain period of time. Interest is paid on loans or on debt instruments, such as notes or bonds, either at regular intervals or as part of a lump sum payment when the issue matures. ^{Source: OCC}
• Judgment: means all final orders, decrees, and determinations in an action and all orders upon which executions may issue. See Indiana Code 1-1-4-5
• LIBOR: means United States Dollar LIBOR (formerly known as the London Interbank Offered Rate), as administered by Intercontinental Exchange Benchmark Administration Limited (or by any predecessor or successor entity), that is used in making any calculation or determination under a particular contract, security or instrument. See Indiana Code 28-10-2-9
• LIBOR discontinuance event: means the earliest to occur of any of the following:

  Indiana Code 28-10-2-10

• LIBOR replacement date: means the following:

  Indiana Code 28-10-2-11

• 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.
• paid fantasy sports game: means any fantasy or simulation sports game or contest that meets the following conditions:

  Indiana Code 4-33-24-9

• Partnership: A voluntary contract between two or more persons to pool some or all of their assets into a business, with the agreement that there will be a proportional sharing of profits and losses.
• recommended spread adjustment: means a spread adjustment, or method for calculating or determining the spread adjustment, that:

  Indiana Code 28-10-2-13

• relevant recommending body: means :

  Indiana Code 28-10-2-14