Fulton Definitions ordinance (§ 114-104)

Delinquent payments. Any payment made after the due date, as defined in city ordinance.

Existing commercial/industrial customers. Those customers with active accounts as of the date this policy is adopted.

Good payment history. Less than two delinquent payments during the last 12 months.

New customers. Those commercial/industrial customers who do not have an active commercial account as of the date this policy is adopted.

Poor payment history. Two or more delinquent payments during the last 12 months.

Security. Cash, check, letters of credit, surety bonds or certificates of deposit. CD's must be held in the name of the customer and the city. CD's will be held by the city for safekeeping. The customer will earn interest on pledged certificates.

Significant change in consumption. A change in a customer's average monthly bill of at least $100.00 or 25 percent, whichever is greater.