Terms Used In Texas Insurance Code Chapter 911 > Subchapter E - Charges, Premiums, and Assessments

• Fiscal year: The fiscal year is the accounting period for the government. For the federal government, this begins on October 1 and ends on September 30. The fiscal year is designated by the calendar year in which it ends; for example, fiscal year 2006 begins on October 1, 2005 and ends on September 30, 2006.
• Foreclosure: A legal process in which property that is collateral or security for a loan may be sold to help repay the loan when the loan is in default. ^{Source: OCC}
• Lien: A claim against real or personal property in satisfaction of a debt.
• Personal property: All property that is not real property.
• Property: means real and personal property. See Texas Government Code 311.005
• sworn: includes affirm or affirmed. See Texas Government Code 312.011
• Written: includes any representation of words, letters, symbols, or figures. See Texas Government Code 311.005