Terms Used In CFR > Title 33 > Chapter I > Subchapter NN > Part 149 > Subpart F > Single Point Moorings

• Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
• 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}
• Garnishment: Generally, garnishment is a court proceeding in which a creditor asks a court to order a third party who owes money to the debtor or otherwise holds assets belonging to the debtor to turn over to the creditor any of the debtor
• Litigation: A case, controversy, or lawsuit. Participants (plaintiffs and defendants) in lawsuits are called litigants.