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The Number of Special Districts Continues to Increase and Currently

question 28

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The number of special districts continues to increase and currently stands at approximately


Definitions:

Floating Lien

A floating lien is a type of security interest or charge over a pool of changing assets, such as inventory or accounts receivable.

Security Agreement

A legal document that provides a lender a security interest in a specific asset or property that serves as collateral for a loan.

Mortgage

A mortgage is a loan specifically for purchasing real estate, where the property itself serves as collateral for the loan.

Real Property

Land and anything permanently attached to it, such as buildings.

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