Terms Used In CFR > Title 24 > Subtitle B > Chapter VIII > Part 880 > Subpart B - Definitions and Other Requirements

• Docket: A log containing brief entries of court proceedings.
• Foreclosure: A legal process in which property that is collateral or security for a loan may be sold to help repay the loan when the loan is in default. ^{Source: OCC}
• Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). ^{Source: OCC}
• Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
• Mortgagee: The person to whom property is mortgaged and who has loaned the money.
• Oral argument: An opportunity for lawyers to summarize their position before the court and also to answer the judges' questions.
• Prosecute: To charge someone with a crime. A prosecutor tries a criminal case on behalf of the government.
• Trustee: A person or institution holding and administering property in trust.