Texas Insurance Code Chapter 885 > Subchapter E – Foreign Fraternal Benefit Societies
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Terms Used In Texas Insurance Code Chapter 885 > Subchapter E - Foreign Fraternal Benefit Societies
- Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
- Contract: A legal written agreement that becomes binding when signed.
- in writing: includes any representation of words, letters, or figures, whether by writing, printing, or other means. See Texas Government Code 312.011
- 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
- Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.
- Property: means real and personal property. See Texas Government Code 311.005
- Statute: A law passed by a legislature.
- Week: means seven consecutive days. See Texas Government Code 311.005
- Year: means 12 consecutive months. See Texas Government Code 311.005