South Carolina Code > Title 29 > Chapter 6 > Article 1 – Payments to Contractors, Subcontractors, and Suppliers
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Terms Used In South Carolina Code > Title 29 > Chapter 6 > Article 1 - Payments to Contractors, Subcontractors, and Suppliers
- Amendment: A proposal to alter the text of a pending bill or other measure by striking out some of it, by inserting new language, or both. Before an amendment becomes part of the measure, thelegislature must agree to it.
- Contract: A legal written agreement that becomes binding when signed.
- Evidence: Information presented in testimony or in documents that is used to persuade the fact finder (judge or jury) to decide the case for one side or the other.
- 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
- Real property: Land, and all immovable fixtures erected on, growing on, or affixed to the land.