Louisiana Revised Statutes > Title 45 > Chapter 9 > Part IV – Public Ownership
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Terms Used In Louisiana Revised Statutes > Title 45 > Chapter 9 > Part IV - Public Ownership
- Foreclosure: A legal process in which property that is collateral or security for a loan may be sold to help repay the loan when the loan is in default. Source: OCC
- 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
- Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
- person: includes a body of persons, whether incorporated or not. See Louisiana Revised Statutes 1:10
- political subdivision: as used in this Part shall include all such political subdivisions or taxing districts. See Louisiana Revised Statutes 45:1131
- Presiding officer: A majority-party Senator who presides over the Senate and is charged with maintaining order and decorum, recognizing Members to speak, and interpreting the Senate's rules, practices and precedents.