Terms Used In Montana Code > Title 75 > Chapter 25 > Part 1 - General Provisions

• 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}
• Process: means a writ or summons issued in the course of judicial proceedings. See Montana Code 1-1-202