CFR > Title 12 > Chapter III > Subchapter B > Part 324 > Subpart E > Qualification
Current as of: 2024 | Check for updates
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Other versions
§ 324.121 | Qualification process |
§ 324.122 | Qualification requirements |
§ 324.123 | Ongoing qualification |
§ 324.124 | Merger and acquisition transitional arrangements |
Terms Used In CFR > Title 12 > Chapter III > Subchapter B > Part 324 > Subpart E > Qualification
- Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
- Beneficiary: A person who is entitled to receive the benefits or proceeds of a will, trust, insurance policy, retirement plan, annuity, or other contract. Source: OCC
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
- Credit Score: A number, roughly between 300 and 800, that measures an individual's credit worthiness. The most well-known type of credit score is the FICO score. This score represents the answer from a mathematical formula that assigns numerical values to various pieces of information in your credit report. Source: OCC
- Donor: The person who makes a gift.
- Evidence: Information presented in testimony or in documents that is used to persuade the fact finder (judge or jury) to decide the case for one side or the other.
- Gift: A voluntary transfer or conveyance of property without consideration, or for less than full and adequate consideration based on fair market value.
- Guarantor: A party who agrees to be responsible for the payment of another party's debts should that party default. Source: OCC
- Oversight: Committee review of the activities of a Federal agency or program.