Article step 1. Quick Term, Meanings And you will Standard Provisions

§46A-1-102. Standard definitions.

(1) “Actuarial strategy” form the method, defined of the legislation implemented because of the administrator, away from allocating money made on a debt ranging from dominating otherwise number financed and financing finance costs otherwise conversion process financing charges pursuant so you can and that a cost is actually used basic on the gathered financing funds costs or conversion process loans charge in addition to balance try applied to the fresh delinquent dominating otherwise outstanding number funded.

(2) “Agreement” means brand new price of the functions indeed since included in its language otherwise by the implication off their facts plus course of coping otherwise use of exchange otherwise course of performance.

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