§46A-1-102. General meanings.
(1) “Actuarial method” means the method, discussed by statutes then followed by the administrator, from allocating money made on the a loans anywhere between dominating otherwise count funded and you may financing loans fees otherwise conversion process finance charges pursuant in order to and that a payment are applied very first on obtained loan loans charges otherwise conversion loans fees as well as the balance try used on the newest delinquent principal or outstanding matter financed.
(2) “Agreement” form the fresh new package of your own events in reality as utilized in its language otherwise from the implication off their activities in addition to span of dealing or usage of change or course of results. Good “credit agreement” are a binding agreement where borrowing from the bank are offered.
(3) “Agricultural mission” form a purpose related to the production, compile, exhibition, profit, transport, handling or produce of farming activities of the an organic individual that cultivates, plants, propagates otherwise nurtures the newest farming things. “Farming activities” boasts agricultural, horticultural, viticultural and you will dairy food, livestock, animals, chicken, bees, tree points, fish and shellfish, and you will one issues thereof, in addition to processed and you may are manufactured affairs, and all things increased otherwise produced to the facilities and people processed otherwise are designed products thereof.
(a) The money cost of the goods, features or demand for house, smaller the degree of one down payment if manufactured in cash or in property exchanged from inside the;
Blog post step 1. Short Term, Definitions And you will Standard Specifications
(b) The total amount actually paid or even to be distributed from the merchant pursuant in order to an agreement to the customer to produce a safety demand for or good lien into possessions replaced from inside the; and