Terms Used In CFR > Title 24 > Subtitle B > Chapter IX > Part 905 > Subpart G - Other Security Interests

• Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
• Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
• Recourse: An arrangement in which a bank retains, in form or in substance, any credit risk directly or indirectly associated with an asset it has sold (in accordance with generally accepted accounting principles) that exceeds a pro rata share of the bank's claim on the asset. If a bank has no claim on an asset it has sold, then the retention of any credit risk is recourse. ^{Source: FDIC}