The terms appearing in these regulations have the meanings defined in the MIDFA Act and the Revenue Bond Act and, in addition, the meanings defined here. Terms Defined. “Applicant” means a corporation, partnership, sole proprietor, joint venture, or individual applying for financial assistance under the Program. "Authority" means the Maryland Industrial Development Financing Authority. “County” means any county or Baltimore City. “Department” means the Department of Commerce, a principal department of the State. “Director” means the Executive Director or Associate Director of the Authority. “Financial assistance” means the issuance of bonds or insurance under the Program. “Financial institution” means any financial institution as that term is defined in Financial Institutions Article, §1-101(h), Annotated Code of Maryland, as well as any other lender approved by the Authority. “Insurance” means insurance of a loan by the Authority in accordance with the MIDFA Act. “Insurance agreement” means the insurance agreement between the lender or its representatives and the Authority providing for the terms of the Authority's insurance under the Program. “Lender” means a financial institution that makes a loan, purchases a bond, or provides other credit enhancement under the Program. “Loan” means any type of financial obligation under the Program, including bonds or notes, letters of credit or other instruments, certificates or other evidences of obligation issued, offered for sale or delivered by any person or public body for any purpose found and determined by the Authority to accomplish the purposes of the MIDFA Act and the Revenue Bond Act. “MIDFA Act” means Economic Development Article, Title 5, Subtitle 4, Annotated Code of Maryland. “Program” means the Bond Program, as authorized by the MIDFA Act and the Revenue Bond Act. “Revenue Bond Act” means Economic Development Article, Title 12, Subtitle 1, Annotated Code of Maryland. “Secretary” means the Secretary of Commerce.