Terms Used In Ohio Code > Chapter 129 - Board of Commissioners of Sinking Fund

• Bond: includes an undertaking. See Ohio Code 1.02
• 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}
• Person: includes an individual, corporation, business trust, estate, trust, partnership, and association. See Ohio Code 1.59
• state: means the state of Ohio. See Ohio Code 1.59