Loan Agreement

A documentAny written instrument meeting all statutory requirements which may be recorded with the Register of Deeds. under which an IssuerThe public entity (state, political subdivision, agency, or authority) that issues securities in order to borrow money. loans the proceeds of an IssueA specific identified issue of securities (e.g., "Water and Sewer Revenue Demand Bonds, Series 1983"). to a party in returnProfit from an investment; the yield. for a promise to repay the loanTransfers for which the recipient incurs a legal debt and repayment is required over time, with or without, with interestThis is the amount that is imposed when payment is remitted after the due date., to the Issuer, or to another on the Issuer's behalf (e.g., the TrusteeAn individual or institution that holds the legal title to an asset and administers it for the benefit), to provide securityThe property that will be pledged as collateral for a loan. and to meet other obligations.