Washington Code > Chapter 43.86A – Surplus funds — Investment program
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Terms Used In Washington Code > Chapter 43.86A - Surplus funds -- Investment program
- Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
- Community Reinvestment Act: The Act is intended to encourage depository institutions to help meet the credit needs of the communities in which they operate, including low- and moderate-income neighborhoods. It was enacted by the Congress in 1977. Source: OCC
- Devise: To gift property by will.
- 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