Terms Used In Texas Insurance Code > Title 10 > Subtitle E - Workers' Compensation Insurance

• Board: means the governing body of a district. See Texas Water Code 49.001
• Commission: means the Texas Natural Resource Conservation Commission. See Texas Water Code 49.001
• Director: means either a supervisor or director appointed or elected to the board. See Texas Water Code 49.001
• District: means any district or authority created by authority of either Sections Texas Water Code 49.001
• District: means any district or authority created under Sections Texas Water Code 49.3181
• Executive director: means the executive director of the commission. See Texas Water Code 49.001
• 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}
• Potable water: means water that has been treated for public drinking water supply purposes. See Texas Water Code 49.001
• Recourse: An arrangement in which a bank retains, in form or in substance, any credit risk directly or indirectly associated with an asset it has sold (in accordance with generally accepted accounting principles) that exceeds a pro rata share of the bank's claim on the asset. If a bank has no claim on an asset it has sold, then the retention of any credit risk is recourse. ^{Source: FDIC}
• Revolving credit: A credit agreement (typically a credit card) that allows a customer to borrow against a preapproved credit line when purchasing goods and services. The borrower is only billed for the amount that is actually borrowed plus any interest due. (Also called a charge account or open-end credit.) ^{Source: OCC}
• Urban property: means land that:
  (A) has been subdivided into town lots, town lots and blocks, or small parcels of the same general nature as town lots or town lots and blocks and is designed, intended, or suitable for residential or other nonagricultural purposes, as distinguished from farm acreage, and includes streets, alleys, parkways, parks, and railroad property and rights-of-way within that subdivided land; and
  (B) is in a subdivision:
  (i) that is within the corporate limits or extraterritorial jurisdiction of a municipality that has subdivision approval jurisdiction under Chapter 212, Local Government Code; and
  (ii) for which a plat or map has been filed and recorded in the office of the county clerk of the county in which the subdivision or any part of the subdivision is located. See Texas Water Code 49.3181
• Water supply corporation: means a nonprofit water supply or sewer service corporation created or operating under Chapter 67. See Texas Water Code 49.001