Part 239 Requirements for State Permit Program Determination of Adequacy
Part 240 Guidelines for the Thermal Processing of Solid Wastes
Part 241 Solid Wastes Used as Fuels or Ingredients in Combustion Units
Part 243 Guidelines for the Storage and Collection of Residential, Commercial, and Institutional Solid Waste
Part 246 Source Separation for Materials Recovery Guidelines
Part 247 Comprehensive Procurement Guideline for Products Containing Recovered Materials
Part 254 Prior Notice of Citizen Suits
Part 255 Identification of Regions and Agencies for Solid Waste Management
Part 256 Guidelines for Development and Implementation of State Solid Waste Management Plans
Part 257 Criteria for Classification of Solid Waste Disposal Facilities and Practices
Part 258 Criteria for Municipal Solid Waste Landfills
Part 260 Hazardous Waste Management System: General
Part 261 Identification and Listing of Hazardous Waste
Part 262 Standards Applicable to Generators of Hazardous Waste
Part 263 Standards Applicable to Transporters of Hazardous Waste
Part 264 Standards for Owners and Operators of Hazardous Waste Treatment, Storage, and Disposal Facilities
Part 265 Interim Status Standards for Owners and Operators of Hazardous Waste Treatment, Storage, and Disposal Facilities
Part 266 Standards for the Management of Specific Hazardous Wastes and Specific Types of Hazardous Waste Management Facilities
Part 267 Standards for Owners and Operators of Hazardous Waste Facilities Operating Under a Standardized Permit
Part 268 Land Disposal Restrictions
Part 270 Epa Administered Permit Programs: the Hazardous Waste Permit Program
Part 271 Requirements for Authorization of State Hazardous Waste Programs
Part 272 Approved State Hazardous Waste Management Programs
Part 273 Standards for Universal Waste Management
Part 278 Criteria for the Management of Granular Mine Tailings (Chat) in Asphalt Concrete and Portland Cement Concrete in Transportation Construction Projects Funded in Whole or in Part by Federal Funds
Part 279 Standards for the Management of Used Oil
Part 280 Technical Standards and Corrective Action Requirements for Owners and Operators of Underground Storage Tanks (Ust)
Part 281 Approval of State Underground Storage Tank Programs
Part 282 Approved Underground Storage Tank Programs

Terms Used In CFR > Title 40 > Chapter I > Subchapter I

  • Accidental release: means any sudden or nonsudden release of petroleum arising from operating an underground storage tank that results in a need for corrective action and/or compensation for bodily injury or property damage neither expected nor intended by the tank owner or operator. See 40 CFR 280.92
  • Advisory Council: means the Advisory Council each Bank is required to establish pursuant to section 10(j)(11) of the Bank Act (12 U. See 12 CFR 1261.2
  • Affidavit: A written statement of facts confirmed by the oath of the party making it, before a notary or officer having authority to administer oaths.
  • Affiliate: means a company that controls, is controlled by, or is under common control with another company. See 12 CFR 14.20
  • Affiliate: means an affiliate as defined in 12 U. See 12 CFR 47.2
  • Affirmed: In the practice of the appellate courts, the decree or order is declared valid and will stand as rendered in the lower court.
  • Amendment: A proposal to alter the text of a pending bill or other measure by striking out some of it, by inserting new language, or both. Before an amendment becomes part of the measure, thelegislature must agree to it.
  • Amortization: Paying off a loan by regular installments.
  • Annuity: A periodic (usually annual) payment of a fixed sum of money for either the life of the recipient or for a fixed number of years. A series of payments under a contract from an insurance company, a trust company, or an individual. Annuity payments are made at regular intervals over a period of more than one full year.
  • Answer: The formal written statement by a defendant responding to a civil complaint and setting forth the grounds for defense.
  • Application: For purposes of this part, an application for a loan or other service is as defined in Regulation C, 12 CFR 203. See 12 CFR 128.1
  • Appraisal: A determination of property value.
  • Approval: means a written statement issued to a regulated entity or the Office of Finance approving a transaction, activity, or item that requires FHFA approval under a statute, rule, regulation, policy, or order. See 12 CFR 1211.1
  • assets: means all existing and all probable future economic benefits obtained or controlled by a particular entity as a result of past transactions. See 40 CFR 280.92
  • association: means a Federal savings association within the meaning of section 2(5) of the Home Owners' Loan Act of 1933, as amended, 12 U. See 12 CFR 108.2
  • average VO concentration: means the mass-weighted average volatile organic concentration of a hazardous secondary material as determined in accordance with the requirements of §261. See 40 CFR 261.1081
  • average VO concentration: means the mass-weighted average volatile organic concentration of a hazardous waste as determined in accordance with the requirements of §265. See 40 CFR 265.1081
  • Bank: means a national bank or a Federal branch, or agency of a foreign bank as defined in section 1 of the International Banking Act of 1978 (12 U. See 12 CFR 14.20
  • Baseline: Projection of the receipts, outlays, and other budget amounts that would ensue in the future without any change in existing policy. Baseline projections are used to gauge the extent to which proposed legislation, if enacted into law, would alter current spending and revenue levels.
  • Board member: means a member of the board of directors of a regulated entity. See 12 CFR 1239.2
  • Board of directors: means the board of directors of a regulated entity. See 12 CFR 1239.2
  • Bonded wine premises: Premises established under the provisions of this part on which operations in untaxpaid wine are authorized to be conducted. See 27 CFR 24.10
  • Bottoms receiver: means a container or tank used to receive and collect the heavier bottoms fractions of the distillation feed stream that remain in the liquid phase. See 40 CFR 261.1031
  • Bottoms receiver: means a container or tank used to receive and collect the heavier bottoms fractions of the distillation feed stream that remain in the liquid phase. See 40 CFR 264.1031
  • Business and activities: means operational, commercial, and economic endeavors of any kind, whether for profit or not for profit and whether regularly or irregularly engaged in by a regulated entity or the Office of Finance, and includes, but is not limited to, management of the regulated entity or the Office of Finance, employment, procurement, insurance, and all types of contracts, including contracts for the issuance or guarantee of any debt, equity, or mortgage-related securities, the management of mortgage and securities portfolios, the making of equity investments, the purchase, sale and servicing of single- and multi-family mortgage loans, and the implementation of affordable housing or community investment programs and initiatives. See 12 CFR 1223.1
  • Business day: Any day, other than Saturday, Sunday, or a legal holiday. See 27 CFR 24.10
  • Business risk: means the risk of an adverse impact on a regulated entity's profitability resulting from external factors as may occur in both the short and long run. See 12 CFR 1239.2
  • Calendar year: The period which begins January 1 and ends on the following December 31. See 27 CFR 24.10
  • Capital distribution: means any payment by the Bank, whether in cash or stock, of a dividend, any return of capital or retained earnings by the Bank to its shareholders, any transaction in which the Bank redeems or repurchases capital stock, or any transaction in which the Bank redeems, repurchases or retires any other instrument which is included in the calculation of its total capital. See 12 CFR 1229.1
  • Case: Two or more bottles, or one or more containers larger than four liters, enclosed in a box or fastened together by some other method. See 27 CFR 24.10
  • Chambers: A judge's office.
  • Class A stock: means capital stock issued by a Bank, including subclasses, that has the characteristics specified in section 6(a)(4)(A)(i) of the Bank Act (12 U. See 12 CFR 1229.1
  • Class B stock: means capital stock issued by a Bank, including subclasses, that has the characteristics specified in section 6(a)(4)(A)(ii) of the Bank Act (12 U. See 12 CFR 1229.1
  • Closed-vent system: means a system that is not open to the atmosphere and that is composed of piping, connections, and, if necessary, flow-inducing devices that transport gas or vapor from a piece or pieces of equipment to a control device. See 40 CFR 261.1031
  • Closed-vent system: means a system that is not open to the atmosphere and that is composed of piping, connections, and, if necessary, flow-inducing devices that transport gas or vapor from a piece or pieces of equipment to a control device. See 40 CFR 264.1031
  • Closure device: means a cap, hatch, lid, plug, seal, valve, or other type of fitting that blocks an opening in a cover such that when the device is secured in the closed position it prevents or reduces air pollutant emissions to the atmosphere. See 40 CFR 261.1081
  • Closure device: means a cap, hatch, lid, plug, seal, valve, or other type of fitting that blocks an opening in a cover such that when the device is secured in the closed position it prevents or reduces air pollutant emissions to the atmosphere. See 40 CFR 265.1081
  • Common law: The legal system that originated in England and is now in use in the United States. It is based on judicial decisions rather than legislative action.
  • Community Reinvestment Act: The Act is intended to encourage depository institutions to help meet the credit needs of the communities in which they operate, including low- and moderate-income neighborhoods. It was enacted by the Congress in 1977. Source: OCC
  • Company: means any corporation, partnership, business trust, association or similar organization, or any other trust (unless by its terms the trust must terminate within twenty-five years or not later than twenty-one years and ten months after the death of individuals living on the effective date of the trust). See 12 CFR 14.20
  • Compensation: means any payment of money or the provision of any other thing of current or potential value in connection with employment or in connection with service as a director. See 12 CFR 1239.2
  • Complaint: A written statement by the plaintiff stating the wrongs allegedly committed by the defendant.
  • Condenser: means a heat-transfer device that reduces a thermodynamic fluid from its vapor phase to its liquid phase. See 40 CFR 261.1031
  • Condenser: means a heat-transfer device that reduces a thermodynamic fluid from its vapor phase to its liquid phase. See 40 CFR 264.1031
  • Condition for exemption: means any requirement in §§262. See 40 CFR 262.1
  • Connector: means flanged, screwed, welded, or other joined fittings used to connect two pipelines or a pipeline and a piece of equipment. See 40 CFR 261.1031
  • Connector: means flanged, screwed, welded, or other joined fittings used to connect two pipelines or a pipeline and a piece of equipment. See 40 CFR 264.1031
  • Consolidated affiliate: means an affiliate of another company that:

    (1) Either consolidates the other company, or is consolidated by the other company, on financial statements prepared in accordance with U. See 12 CFR 47.2

  • Consumer: means an individual who purchases, applies to purchase, or is solicited to purchase from a covered person insurance products or annuities primarily for personal, family, or household purposes. See 12 CFR 14.20
  • Continuous recorder: means a data-recording device recording an instantaneous data value at least once every 15 minutes. See 40 CFR 261.1031
  • Continuous recorder: means a data-recording device recording an instantaneous data value at least once every 15 minutes. See 40 CFR 264.1031
  • Continuous seal: means a seal that forms a continuous closure that completely covers the space between the edge of the floating roof and the wall of a tank. See 40 CFR 261.1081
  • Continuous seal: means a seal that forms a continuous closure that completely covers the space between the edge of the floating roof and the wall of a tank. See 40 CFR 265.1081
  • Control device: means an enclosed combustion device, vapor recovery system, or flare. See 40 CFR 261.1031
  • Control device: means an enclosed combustion device, vapor recovery system, or flare. See 40 CFR 264.1031
  • Controlling interest: means direct ownership of at least 50 percent of the voting stock of another entity. See 40 CFR 280.92
  • Conviction: A judgement of guilt against a criminal defendant.
  • Cover: means a device that provides a continuous barrier over the hazardous secondary material managed in a unit to prevent or reduce air pollutant emissions to the atmosphere. See 40 CFR 261.1081
  • Cover: means a device that provides a continuous barrier over the hazardous waste managed in a unit to prevent or reduce air pollutant emissions to the atmosphere. See 40 CFR 265.1081
  • Covered savings association: means a Federal savings association that has made an election that is in effect in accordance with §101. See 12 CFR 101.2
  • Debris: means solid material exceeding a 60 mm particle size that is intended for disposal and that is: A manufactured object. See 40 CFR 268.2
  • Deed: The legal instrument used to transfer title in real property from one person to another.
  • Dependent: A person dependent for support upon another.
  • Deposition: An oral statement made before an officer authorized by law to administer oaths. Such statements are often taken to examine potential witnesses, to obtain discovery, or to be used later in trial.
  • Director of the Implementing Agency: means the EPA Regional Administrator, or, in the case of a state with a program approved under section 9004, the Director of the designated state or local agency responsible for carrying out an approved UST program. See 40 CFR 280.92
  • Disabled-owned business: means a business, and includes, but is not limited to, financial institutions, firms engaged in mortgage banking, investment banking, financial services, asset management, investment consultants or advisors, underwriters, accountants, brokers, broker-dealers, and providers of legal services--

    (1) Qualified as a Service-Disabled Veteran-Owned Small Business Concern as defined in 13 CFR 125. See 12 CFR 1223.1

  • Distillate receiver: means a container or tank used to receive and collect liquid material (condensed) from the overhead condenser of a distillation unit and from which the condensed liquid is pumped to larger storage tanks or other process units. See 40 CFR 261.1031
  • Distillate receiver: means a container or tank used to receive and collect liquid material (condensed) from the overhead condenser of a distillation unit and from which the condensed liquid is pumped to larger storage tanks or other process units. See 40 CFR 264.1031
  • Distillation operation: means an operation, either batch or continuous, separating one or more feed stream(s) into two or more exit streams, each exit stream having component concentrations different from those in the feed stream(s). See 40 CFR 261.1031
  • Distillation operation: means an operation, either batch or continuous, separating one or more feed stream(s) into two or more exit streams, each exit stream having component concentrations different from those in the feed stream(s). See 40 CFR 264.1031
  • Diversity spend with non-diverse-owned businesses: means the dollar amount(s) paid by a regulated entity to a prime contractor that is not a minority-, women-, or disabled-owned business for professional services (i. See 12 CFR 1223.1
  • Docket: A log containing brief entries of court proceedings.
  • Domestic violence: means the occurrence of one or more of the following acts by a current or former family member, household member, intimate partner, or caretaker:

    (1) Attempting to cause or causing or threatening another person physical harm, severe emotional distress, psychological trauma, rape, or sexual assault. See 12 CFR 14.20

  • dwelling: means a residential structure (whether or not it is attached to real property) located in a state of the United States of America, the District of Columbia, or the Commonwealth of Puerto Rico. See 12 CFR 128.1
  • Electronic media: includes any means for transmitting messages electronically between a covered person and a consumer in a format that allows visual text to be displayed on equipment, for example, a personal computer monitor. See 12 CFR 14.20
  • Employee: means an individual, other than an executive officer, who works part-time, full-time, or temporarily for a regulated entity. See 12 CFR 1239.2
  • Enclosure: means a structure that surrounds a tank or container, captures organic vapors emitted from the tank or container, and vents the captured vapors through a closed-vent system to a control device. See 40 CFR 261.1081
  • Enclosure: means a structure that surrounds a tank or container, captures organic vapors emitted from the tank or container, and vents the captured vapors through a closed-vent system to a control device. See 40 CFR 265.1081
  • Equal Credit Opportunity Act: Prohibits creditors from discriminating against credit applicants on the basis of race, color, religion, national origin, sex, marital status, age, or because an applicant receives income from a public assistance program. Source: OCC
  • Equipment: means each valve, pump, compressor, pressure relief device, sampling connection system, open-ended valve or line, or flange or other connector, and any control devices or systems required by this subpart. See 40 CFR 261.1031
  • Equipment: means each valve, pump, compressor, pressure relief device, sampling connection system, open-ended valve or line, or flange or other connector, and any control devices or systems required by this subpart. See 40 CFR 264.1031
  • Equitable: Pertaining to civil suits in "equity" rather than in "law." In English legal history, the courts of "law" could order the payment of damages and could afford no other remedy. See damages. A separate court of "equity" could order someone to do something or to cease to do something. See, e.g., injunction. In American jurisprudence, the federal courts have both legal and equitable power, but the distinction is still an important one. For example, a trial by jury is normally available in "law" cases but not in "equity" cases. Source: U.S. Courts
  • Escrow: Money given to a third party to be held for payment until certain conditions are met.
  • Executive officer: means for a Bank any of the following persons, provided that the Director may from time to time add or remove persons, positions, or functions to or from the list (individually for one or more Banks or jointly for all the Banks) by communication to the affected Banks:

    (1) Executive officers about whom the Banks must publicly disclose detailed compensation information under Regulation S-K, 17 CFR part 229, issued by the Securities and Exchange Commission. See 12 CFR 1229.1

  • Executive officer: means the chief executive officer, chief financial officer, chief operating officer, president, any executive vice president, any senior vice president, and any individual with similar responsibilities, without regard to title, who is in charge of a principal business unit, division, or function, or who reports directly to the chairperson, vice chairperson, chief operating officer, or chief executive officer or president of a regulated entity. See 12 CFR 1239.2
  • External floating roof: means a pontoon-type or double-deck type cover that rests on the surface of the material managed in a tank with no fixed roof. See 40 CFR 261.1081
  • External floating roof: means a pontoon-type or double-deck type cover that rests on the surface of the material managed in a tank with no fixed roof. See 40 CFR 265.1081
  • Fair market value: The price at which an asset would change hands in a transaction between a willing, informed buyer and a willing, informed seller.
  • FDI Act proceeding: means a proceeding that commences upon the Federal Deposit Insurance Corporation being appointed as conservator or receiver under section 11 of the Federal Deposit Insurance Act (12 U. See 12 CFR 47.2
  • Federal Deposit Insurance Corporation: A government corporation that insures the deposits of all national and state banks that are members of the Federal Reserve System. Source: OCC
  • Federal Reserve System: The central bank of the United States. The Fed, as it is commonly called, regulates the U.S. monetary and financial system. The Federal Reserve System is composed of a central governmental agency in Washington, D.C. (the Board of Governors) and twelve regional Federal Reserve Banks in major cities throughout the United States. Source: OCC
  • FHFA ID number: means the number assigned to a member by FHFA and used by FHFA and the Banks to identify a particular member. See 12 CFR 1261.2
  • Filing: means an application or notice submitted to the OCC under this part. See 12 CFR 5.3
  • Finance charge: The total cost of credit a customer must pay on a consumer loan, including interest. The Truth in Lending Act requires disclosure of the finance charge. Source: OCC
  • Financial counterparty: means a person that is:

    (1)(i) A bank holding company or an affiliate thereof. See 12 CFR 47.2

  • Financial reporting year: means the latest consecutive twelve-month period for which any of the following reports used to support a financial test is prepared:

    (1) A 10-K report submitted to the SEC. See 40 CFR 280.92

  • First attempt at repair: means to take rapid action for the purpose of stopping or reducing leakage of organic material to the atmosphere using best practices. See 40 CFR 261.1031
  • First attempt at repair: means to take rapid action for the purpose of stopping or reducing leakage of organic material to the atmosphere using best practices. See 40 CFR 264.1031
  • Fixed roof: means a cover that is mounted on a unit in a stationary position and does not move with fluctuations in the level of the material managed in the unit. See 40 CFR 261.1081
  • Fixed roof: means a cover that is mounted on a unit in a stationary position and does not move with fluctuations in the level of the material managed in the unit. See 40 CFR 265.1081
  • Flame zone: means the portion of the combustion chamber in a boiler occupied by the flame envelope. See 40 CFR 261.1031
  • Flame zone: means the portion of the combustion chamber in a boiler occupied by the flame envelope. See 40 CFR 264.1031
  • Floating membrane cover: means a cover consisting of a synthetic flexible membrane material that rests upon and is supported by the hazardous waste being managed in a surface impoundment. See 40 CFR 265.1081
  • Floating roof: means a cover consisting of a double deck, pontoon single deck, or internal floating cover which rests upon and is supported by the material being contained, and is equipped with a continuous seal. See 40 CFR 261.1081
  • Floating roof: means a cover consisting of a double deck, pontoon single deck, or internal floating cover which rests upon and is supported by the material being contained, and is equipped with a continuous seal. See 40 CFR 265.1081
  • Flow indicator: means a device that indicates whether gas flow is present in a vent stream. See 40 CFR 261.1031
  • Flow indicator: means a device that indicates whether gas flow is present in a vent stream. See 40 CFR 264.1031
  • Forbearance: A means of handling a delinquent loan. A
  • 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
  • Forgery: The fraudulent signing or alteration of another's name to an instrument such as a deed, mortgage, or check. The intent of the forgery is to deceive or defraud. Source: OCC
  • Formal examination proceeding: means the administration of oaths and affirmations, taking and preserving of testimony, requiring the production of books, papers, correspondence, memoranda, and all other records, the issuance of subpoenas, and all related activities in connection with examination of savings associations and their affiliates conducted pursuant to section 5(d)(1)(B) of the HOLA, section 7(j)(15) of the FDIA, section 8(n) of the FDIA or section 10(c) of the FDIA. See 12 CFR 112.2
  • Freedom of Information Act: A federal law that mandates that all the records created and kept by federal agencies in the executive branch of government must be open for public inspection and copying. The only exceptions are those records that fall into one of nine exempted categories listed in the statute. Source: OCC
  • From bond: When used with reference to withdrawals of wine, this phrase includes withdrawals from the premises established under the provisions of this part on which operations in untaxpaid wine are authorized to be conducted, even if the proprietor, as authorized under the exemption set forth in §24. See 27 CFR 24.10
  • Grace period: The number of days you'll have to pay your bill for purchases in full without triggering a finance charge. Source: Federal Reserve
  • Hard-piping: means pipe or tubing that is manufactured and properly installed in accordance with relevant standards and good engineering practices. See 40 CFR 261.1081
  • Hard-piping: means pipe or tubing that is manufactured and properly installed in accordance with relevant standards and good engineering practices. See 40 CFR 265.1081
  • Hazardous debris: means debris that contains a hazardous waste listed in subpart D of part 261 of this chapter, or that exhibits a characteristic of hazardous waste identified in subpart C of part 261 of this chapter. See 40 CFR 268.2
  • Hazardous secondary material management unit shutdown: means a work practice or operational procedure that stops operation of a hazardous secondary material management unit or part of a hazardous secondary material management unit. See 40 CFR 261.1031
  • Hazardous waste management unit shutdown: means a work practice or operational procedure that stops operation of a hazardous waste management unit or part of a hazardous waste management unit. See 40 CFR 264.1031
  • holder: is a person who, upon the effective date of this regulation or in the future, maintains indicia of ownership (as defined in §280. See 40 CFR 280.200
  • Immediate family member: means a parent, sibling, spouse, child, dependent, or any relative sharing the same residence. See 12 CFR 1239.2
  • In light liquid service: means that the piece of equipment contains or contacts a material stream where the vapor pressure of one or more of the organic components in the stream is greater than 0. See 40 CFR 261.1031
  • In light liquid service: means that the piece of equipment contains or contacts a waste stream where the vapor pressure of one or more of the organic components in the stream is greater than 0. See 40 CFR 264.1031
  • In light material service: means the container is used to manage a material for which both of the following conditions apply: The vapor pressure of one or more of the organic constituents in the material is greater than 0. See 40 CFR 261.1081
  • In light material service: means the container is used to manage a material for which both of the following conditions apply: The vapor pressure of one or more of the organic constituents in the material is greater than 0. See 40 CFR 265.1081
  • Independent directorship: means a directorship, as defined by section 7(a)(4)(A) of the Bank Act, 12 U. See 12 CFR 1261.2
  • Independent requirement: means a requirement of part 262 that states an event, action, or standard that must occur or be met. See 40 CFR 262.1
  • Indicia of ownership: means evidence of a secured interest, evidence of an interest in a security interest, or evidence of an interest in real or personal property securing a loan or other obligation, including any legal or equitable title or deed to real or personal property acquired through or incident to foreclosure. See 40 CFR 280.200
  • Injunction: An order of the court prohibiting (or compelling) the performance of a specific act to prevent irreparable damage or injury.
  • Intangible property: Property that has no intrinsic value, but is merely the evidence of value such as stock certificates, bonds, and promissory notes.
  • Interest rate: The amount paid by a borrower to a lender in exchange for the use of the lender's money for a certain period of time. Interest is paid on loans or on debt instruments, such as notes or bonds, either at regular intervals or as part of a lump sum payment when the issue matures. Source: OCC
  • Internal auditor: means the individual responsible for the internal audit function at a regulated entity. See 12 CFR 1239.2
  • Internal floating roof: means a cover that rests or floats on the material surface (but not necessarily in complete contact with it) inside a tank that has a fixed roof. See 40 CFR 261.1081
  • Internal floating roof: means a cover that rests or floats on the material surface (but not necessarily in complete contact with it) inside a tank that has a fixed roof. See 40 CFR 265.1081
  • Judgement: The official decision of a court finally determining the respective rights and claims of the parties to a suit.
  • Land disposal: means placement in or on the land, except in a corrective action management unit or staging pile, and includes, but is not limited to, placement in a landfill, surface impoundment, waste pile, injection well, land treatment facility, salt dome formation, salt bed formation, underground mine or cave, or placement in a concrete vault, or bunker intended for disposal purposes. See 40 CFR 268.2
  • Layover: Informal term for a period of delay required by rule. For example, when a bill or other measure is reported from committee, it may be considered on the floor only after it "lies over" for one legislative day and after the written report has been available for two calendar days. Layover periods may be waived by unanimous consent.
  • 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
  • Legacy: A gift of property made by will.
  • Liabilities: The aggregate of all debts and other legal obligations of a particular person or legal entity.
  • Lien: A claim against real or personal property in satisfaction of a debt.
  • Liquid-mounted seal: means a foam or liquid-filled primary seal mounted in contact with the hazardous secondary material between the tank wall and the floating roof continuously around the circumference of the tank. See 40 CFR 261.1081
  • Liquid-mounted seal: means a foam or liquid-filled primary seal mounted in contact with the hazardous waste between the tank wall and the floating roof continuously around the circumference of the tank. See 40 CFR 265.1081
  • Liquidity risk: means the risk that a regulated entity will be unable to meet its financial obligations as they come due or meet the credit needs of its members and associates in a timely and cost-efficient manner. See 12 CFR 1239.2
  • Malfunction: means any sudden failure of a control device or a hazardous secondary material management unit or failure of a hazardous secondary material management unit to operate in a normal or usual manner, so that organic emissions are increased. See 40 CFR 261.1031
  • Malfunction: means any sudden, infrequent, and not reasonably preventable failure of air pollution control equipment, process equipment, or a process to operate in a normal or usual manner. See 40 CFR 261.1081
  • Malfunction: means any sudden failure of a control device or a hazardous waste management unit or failure of a hazardous waste management unit to operate in a normal or usual manner, so that organic emissions are increased. See 40 CFR 264.1031
  • Malfunction: means any sudden, infrequent, and not reasonably preventable failure of air pollution control equipment, process equipment, or a process to operate in a normal or usual manner. See 40 CFR 265.1081
  • Market risk: means the risk that the market value, or estimated fair value if market value is not available, of a regulated entity's portfolio will decline as a result of changes in interest rates, foreign exchange rates, or equity or commodity prices. See 12 CFR 1239.2
  • Master agreement: means a QFC of the type set forth in section 210(c)(8)(D)(ii)(XI), (iii)(IX), (iv)(IV), (v)(V), or (vi)(V) of Title II of the Dodd-Frank Wall Street Reform and Consumer Protection Act (12 U. See 12 CFR 47.2
  • Material determination: means performing all applicable procedures in accordance with the requirements of §261. See 40 CFR 261.1081
  • Maximum organic vapor pressure: means the sum of the individual organic constituent partial pressures exerted by the material contained in a tank, at the maximum vapor pressure-causing conditions (i. See 40 CFR 261.1081
  • Maximum organic vapor pressure: means the sum of the individual organic constituent partial pressures exerted by the material contained in a tank, at the maximum vapor pressure-causing conditions (i. See 40 CFR 265.1081
  • Member directorship: means a directorship, as defined by section 7(a)(4)(A) of the Bank Act, 12 U. See 12 CFR 1261.2
  • Metallic shoe seal: means a continuous seal that is constructed of metal sheets which are held vertically against the wall of the tank by springs, weighted levers, or other mechanisms and is connected to the floating roof by braces or other means. See 40 CFR 261.1081
  • Metallic shoe seal: means a continuous seal that is constructed of metal sheets which are held vertically against the wall of the tank by springs, weighted levers, or other mechanisms and is connected to the floating roof by braces or other means. See 40 CFR 265.1081
  • Method of equal proportions: means the mathematical formula used by FHFA to allocate member directorships among the States in a Bank's district based on the relative amounts of Bank stock required to be held as of the record date by members located in each State. See 12 CFR 1261.2
  • Minority: means any Black (or African) American, Native American (or American Indian), Hispanic (or Latino) American, or Asian American. See 12 CFR 1223.1
  • Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
  • Mortgage loan: A loan made by a lender to a borrower for the financing of real property. Source: OCC
  • Must: Unfermented juice or any mixture of juice, pulp, skins, and seeds prepared from grapes or other fruit (including berries). See 27 CFR 24.10
  • National Credit Union Administration: The federal regulatory agency that charters and supervises federal credit unions. (NCUA also administers the National Credit Union Share Insurance Fund, which insures the deposits of federal credit unions.) Source: OCC
  • New business activity: when used in this subpart has the same meaning set forth in §1272. See 12 CFR 1229.1
  • No detectable organic emissions: means no escape of organics to the atmosphere as determined using the procedure specified in §261. See 40 CFR 261.1081
  • No detectable organic emissions: means no escape of organics to the atmosphere as determined using the procedure specified in §265. See 40 CFR 265.1081
  • Non-Objection Letter: means a written statement issued to a regulated entity or the Office of Finance providing that FHFA does not object to a proposed transaction or activity. See 12 CFR 1211.1
  • Notice: means a Notice of Suspension or Notice of Prohibition issued by the OCC pursuant to section 8(g) of the Federal Deposit Insurance Act. See 12 CFR 108.2
  • NYSE: means the New York Stock Exchange. See 12 CFR 1239.2
  • OCC: means the Office of the Comptroller of the Currency. See 12 CFR 108.2
  • OCC: means the Office of the Comptroller of the Currency. See 12 CFR 112.2
  • Occurrence: means an accident, including continuous or repeated exposure to conditions, which results in a release from an underground storage tank. See 40 CFR 280.92
  • Office: means the premises of a bank or Federal savings association where retail deposits are accepted from the public. See 12 CFR 14.20
  • Open-end credit: A credit agreement (typically a credit card) that allows a customer to borrow against a preapproved credit line when purchasing goods and services. The borrower is only billed for the amount that is actually borrowed plus any interest due. (Also called a charge account or revolving credit.) Source: OCC
  • Open-ended valve or line: means any valve, except pressure relief valves, having one side of the valve seat in contact with hazardous secondary material and one side open to the atmosphere, either directly or through open piping. See 40 CFR 261.1031
  • Open-ended valve or line: means any valve, except pressure relief valves, having one side of the valve seat in contact with hazardous waste and one side open to the atmosphere, either directly or through open piping. See 40 CFR 264.1031
  • Operational risk: means the risk of loss resulting from inadequate or failed internal processes, people, or systems, or from external events (including legal risk but excluding strategic and reputational risk). See 12 CFR 1239.2
  • Oral argument: An opportunity for lawyers to summarize their position before the court and also to answer the judges' questions.
  • Order: means an Order of Removal or Order of Prohibition issued by the OCC pursuant to section 8(g) of the Federal Deposit Insurance Act. See 12 CFR 108.2
  • Outlays: Outlays are payments made (generally through the issuance of checks or disbursement of cash) to liquidate obligations. Outlays during a fiscal year may be for payment of obligations incurred in prior years or in the same year.
  • Permanent capital: means the retained earnings of a Bank, determined in accordance with generally accepted accounting principles in the United States (GAAP), plus the amount paid-in for the Bank's Class B stock. See 12 CFR 1229.1
  • Person: includes an individual, bank, corporation, partnership, trust, association, joint venture, pool, syndicate, sole proprietorship, unincorporated organization, or any other form of entity. See 12 CFR 47.2
  • petitioner: means a subject individual who has filed a petition for informal hearing under this part. See 12 CFR 108.2
  • Petroleum marketing facilities: include all facilities at which petroleum is produced or refined and all facilities from which petroleum is sold or transferred to other petroleum marketers or to the public. See 40 CFR 280.92
  • Petroleum production: means the production of crude oil or other forms of petroleum (as defined in §280. See 40 CFR 280.200
  • Petroleum refining facility: means an establishment primarily engaged in producing gasoline, kerosene, distillate fuel oils, residual fuel oils, and lubricants, through fractionation, straight distillation of crude oil, redistillation of unfinished petroleum derivatives, cracking or other processes (i. See 40 CFR 279.1
  • Plea: In a criminal case, the defendant's statement pleading "guilty" or "not guilty" in answer to the charges, a declaration made in open court.
  • Point of material origination: means as follows:

    (1) When the remanufacturer or other person that stores or treats the hazardous secondary material is the generator of the hazardous secondary material, the point of material origination means the point where a material produced by a system, process, or material management unit is determined to be a hazardous secondary material excluded under §261. See 40 CFR 261.1081

  • Point of waste origination: means as follows:

    (1) When the facility owner or operator is the generator of the hazardous waste, the point of waste origination means the point where a solid waste produced by a system, process, or waste management unit is determined to be a hazardous waste as defined in 40 CFR part 261. See 40 CFR 265.1081

  • Point of waste treatment: means the point where a hazardous waste to be treated in accordance with §265. See 40 CFR 265.1081
  • Precedent: A court decision in an earlier case with facts and law similar to a dispute currently before a court. Precedent will ordinarily govern the decision of a later similar case, unless a party can show that it was wrongly decided or that it differed in some significant way.
  • Presiding officer: A majority-party Senator who presides over the Senate and is charged with maintaining order and decorum, recognizing Members to speak, and interpreting the Senate's rules, practices and precedents.
  • Primarily to protect a security interest: means that the holder's indicia of ownership are held primarily for the purpose of securing payment or performance of an obligation. See 40 CFR 280.200
  • Probation: A sentencing alternative to imprisonment in which the court releases convicted defendants under supervision as long as certain conditions are observed.
  • Process heater: means a device that transfers heat liberated by burning fuel to fluids contained in tubes, including all fluids except water that are heated to produce steam. See 40 CFR 261.1031
  • Process heater: means a device that transfers heat liberated by burning fuel to fluids contained in tubes, including all fluids except water that are heated to produce steam. See 40 CFR 264.1031
  • Process vent: means any open-ended pipe or stack that is vented to the atmosphere either directly, through a vacuum-producing system, or through a tank (e. See 40 CFR 261.1031
  • Process vent: means any open-ended pipe or stack that is vented to the atmosphere either directly, through a vacuum-producing system, or through a tank (e. See 40 CFR 264.1031
  • Processing: means chemical or physical operations designed to produce from used oil, or to make used oil more amenable for production of, fuel oils, lubricants, or other used oil-derived product. See 40 CFR 279.1
  • Promotion: means the advancement of an employee within a regulated entity and may be the result of an employee's proactive pursuit of a higher job ranking or a reward for good performance. See 12 CFR 1223.1
  • Proprietor: The person qualified under this part to operate a wine premises, and includes the term "winemaker" when the context so requires. See 27 CFR 24.10
  • Prosecute: To charge someone with a crime. A prosecutor tries a criminal case on behalf of the government.
  • Provider of financial assurance: means an entity that provides financial assurance to an owner or operator of an underground storage tank through one of the mechanisms listed in §§280. See 40 CFR 280.92
  • Public interest directorship: means an independent directorship filled by an individual with more than four years of experience representing consumer or community interests in banking services, credit needs, housing or consumer financial protections. See 12 CFR 1261.2
  • Quorum: The number of legislators that must be present to do business.
  • Re-refining distillation bottoms: means the heavy fraction produced by vacuum distillation of filtered and dehydrated used oil. See 40 CFR 279.1
  • Real property: Land, and all immovable fixtures erected on, growing on, or affixed to the land.
  • Record date: means December 31 of the calendar year immediately preceding the election year. See 12 CFR 1261.2
  • 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
  • Regulatory Interpretation: means a written interpretation issued by the FHFA General Counsel with respect to the application of a statute, rule, regulation, or order to a proposed transaction or activity. See 12 CFR 1211.1
  • Remand: When an appellate court sends a case back to a lower court for further proceedings.
  • Repaired: means that equipment is adjusted, or otherwise altered, to eliminate a leak. See 40 CFR 261.1031
  • Repaired: means that equipment is adjusted, or otherwise altered, to eliminate a leak. See 40 CFR 264.1031
  • Reporter: Makes a record of court proceedings and prepares a transcript, and also publishes the court's opinions or decisions (in the courts of appeals).
  • Requester: means an entity that has submitted an application for a Waiver or Approval or a request for a Non-Objection Letter or Regulatory Interpretation. See 12 CFR 1211.1
  • Rescission: The cancellation of budget authority previously provided by Congress. The Impoundment Control Act of 1974 specifies that the President may propose to Congress that funds be rescinded. If both Houses have not approved a rescission proposal (by passing legislation) within 45 days of continuous session, any funds being withheld must be made available for obligation.
  • Restitution: The court-ordered payment of money by the defendant to the victim for damages caused by the criminal action.
  • Retail customer or counterparty: means a customer or counterparty that is:

    (1) An individual. See 12 CFR 47.2

  • Risk appetite: means the aggregate level and types of risk the board of directors and management are willing to assume to achieve the regulated entity's strategic objectives and business plan, consistent with applicable capital, liquidity, and other regulatory requirements. See 12 CFR 1239.2
  • Safety device: means a closure device such as a pressure relief valve, frangible disc, fusible plug, or any other type of device which functions exclusively to prevent physical damage or permanent deformation to a unit or its air emission control equipment by venting gases or vapors directly to the atmosphere during unsafe conditions resulting from an unplanned, accidental, or emergency event. See 40 CFR 261.1081
  • Safety device: means a closure device such as a pressure relief valve, frangible disc, fusible plug, or any other type of device which functions exclusively to prevent physical damage or permanent deformation to a unit or its air emission control equipment by venting gases or vapors directly to the atmosphere during unsafe conditions resulting from an unplanned, accidental, or emergency event. See 40 CFR 265.1081
  • Sampling connection system: means an assembly of equipment within a process or material management unit used during periods of representative operation to take samples of the process or material fluid. See 40 CFR 261.1031
  • Sampling connection system: means an assembly of equipment within a process or waste management unit used during periods of representative operation to take samples of the process or waste fluid. See 40 CFR 264.1031
  • savings association: means any Federal savings association as defined in 12 U. See 12 CFR 128.1
  • Secretary: The Secretary of the Treasury or the Secretary's designated delegate. See 27 CFR 24.10
  • Security interest: means an interest in a petroleum UST or UST system or in the facility or property on which a petroleum UST or UST system is located, created or established for the purpose of securing a loan or other obligation. See 40 CFR 280.200
  • Sensor: means a device that measures a physical quantity or the change in a physical quantity, such as temperature, pressure, flow rate, pH, or liquid level. See 40 CFR 261.1031
  • Sensor: means a device that measures a physical quantity or the change in a physical quantity, such as temperature, pressure, flow rate, pH, or liquid level. See 40 CFR 264.1031
  • Separator tank: means a device used for separation of two immiscible liquids. See 40 CFR 261.1031
  • Separator tank: means a device used for separation of two immiscible liquids. See 40 CFR 264.1031
  • Small financial institution: means a company that:

    (1) Is organized as a bank, as defined in section 3(a) of the Federal Deposit Insurance Act (12 U. See 12 CFR 47.2

  • Soil: means unconsolidated earth material composing the superficial geologic strata (material overlying bedrock), consisting of clay, silt, sand, or gravel size particles as classified by the U. See 40 CFR 268.2
  • Spirits: That substance known as ethyl alcohol, ethanol, or spirits of wine in any form (including all dilutions or mixtures thereof, from whatever source or by whatever process produced), but not denatured spirits unless specifically stated. See 27 CFR 24.10
  • Startup: means the setting in operation of a hazardous secondary material management unit or control device for any purpose. See 40 CFR 261.1031
  • Startup: means the setting in operation of a hazardous waste management unit or control device for any purpose. See 40 CFR 264.1031
  • State: means any state, commonwealth, territory, or possession of the United States, the District of Columbia, the Commonwealth of Puerto Rico, the Commonwealth of the Northern Mariana Islands, American Samoa, Guam, or the United States Virgin Islands. See 12 CFR 47.2
  • Statute of limitations: A law that sets the time within which parties must take action to enforce their rights.
  • Steam stripping operation: means a distillation operation in which vaporization of the volatile constituents of a liquid mixture takes place by the introduction of steam directly into the charge. See 40 CFR 261.1031
  • Steam stripping operation: means a distillation operation in which vaporization of the volatile constituents of a liquid mixture takes place by the introduction of steam directly into the charge. See 40 CFR 264.1031
  • subject individual: means a person served with a Notice or Order. See 12 CFR 108.2
  • Subsidiary of a covered bank: means any operating subsidiary of a national bank, Federal savings association, or Federal branch or agency as defined in §5. See 12 CFR 47.2
  • Substantial business relationship: means the extent of a business relationship necessary under applicable state law to make a guarantee contract issued incident to that relationship valid and enforceable. See 40 CFR 280.92
  • Substantial governmental relationship: means the extent of a governmental relationship necessary under applicable state law to make an added guarantee contract issued incident to that relationship valid and enforceable. See 40 CFR 280.92
  • Surge control tank: means a large-sized pipe or storage reservoir sufficient to contain the surging liquid discharge of the process tank to which it is connected. See 40 CFR 261.1031
  • Surge control tank: means a large-sized pipe or storage reservoir sufficient to contain the surging liquid discharge of the process tank to which it is connected. See 40 CFR 264.1031
  • Tangible net worth: means the tangible assets that remain after deducting liabilities. See 40 CFR 280.92
  • Tank: means any stationary device, designed to contain an accumulation of used oil which is constructed primarily of non-earthen materials, (e. See 40 CFR 279.1
  • Testimony: Evidence presented orally by witnesses during trials or before grand juries.
  • Total capital: means the sum of the Bank's permanent capital, the amount paid-in for its Class A stock, the amount of any general allowances for losses, and the amount of any other instruments identified in a Bank's capital plan that the Director has determined to be available to absorb losses incurred by such Bank. See 12 CFR 1229.1
  • Trial: A hearing that takes place when the defendant pleads "not guilty" and witnesses are required to come to court to give evidence.
  • Truth in Lending Act: The Truth in Lending Act is a federal law that requires lenders to provide standardized information so that borrowers can compare loan terms. In general, lenders must provide information on Source: OCC
  • Underlying hazardous constituent: means any constituent listed in §268. See 40 CFR 268.2
  • Uniform Commercial Code: A set of statutes enacted by the various states to provide consistency among the states' commercial laws. It includes negotiable instruments, sales, stock transfers, trust and warehouse receipts, and bills of lading. Source: OCC
  • Used oil: means any oil that has been refined from crude oil, or any synthetic oil, that has been used and as a result of such use is contaminated by physical or chemical impurities. See 40 CFR 279.1
  • Used oil aggregation point: means any site or facility that accepts, aggregates, and/or stores used oil collected only from other used oil generation sites owned or operated by the owner or operator of the aggregation point, from which used oil is transported to the aggregation point in shipments of no more than 55 gallons. See 40 CFR 279.1
  • Used oil burner: means a facility where used oil not meeting the specification requirements in §279. See 40 CFR 279.1
  • Used oil collection center: means any site or facility that is registered/licensed/permitted/recognized by a state/county/municipal government to manage used oil and accepts/aggregates and stores used oil collected from used oil generators regulated under subpart C of this part who bring used oil to the collection center in shipments of no more than 55 gallons under the provisions of §279. See 40 CFR 279.1
  • Used oil generator: means any person, by site, whose act or process produces used oil or whose act first causes used oil to become subject to regulation. See 40 CFR 279.1
  • Used oil transporter: means any person who transports used oil, any person who collects used oil from more than one generator and transports the collected oil, and owners and operators of used oil transfer facilities. See 40 CFR 279.1
  • User fees: Fees charged to users of goods or services provided by the government. In levying or authorizing these fees, the legislature determines whether the revenue should go into the treasury or should be available to the agency providing the goods or services.
  • Vapor incinerator: means any enclosed combustion device that is used for destroying organic compounds and does not extract energy in the form of steam or process heat. See 40 CFR 261.1031
  • Vapor incinerator: means any enclosed combustion device that is used for destroying organic compounds and does not extract energy in the form of steam or process heat. See 40 CFR 264.1031
  • Vapor-mounted seal: means a continuous seal that is mounted such that there is a vapor space between the hazardous secondary material in the unit and the bottom of the seal. See 40 CFR 261.1081
  • Vapor-mounted seal: means a continuous seal that is mounted such that there is a vapor space between the hazardous waste in the unit and the bottom of the seal. See 40 CFR 265.1081
  • Vented: means discharged through an opening, typically an open-ended pipe or stack, allowing the passage of a stream of liquids, gases, or fumes into the atmosphere. See 40 CFR 261.1031
  • Vented: means discharged through an opening, typically an open-ended pipe or stack, allowing the passage of a stream of liquids, gases, or fumes into the atmosphere. See 40 CFR 264.1031
  • Verdict: The decision of a petit jury or a judge.
  • Vinegar: A wine or wine product not for beverage use produced in accordance with the provisions of this part and having not less than 4. See 27 CFR 24.10
  • VO concentration: means the fraction by weight of the volatile organic compounds contained in a hazardous secondary material expressed in terms of parts per million (ppmw) as determined by direct measurement or by knowledge of the material in accordance with the requirements of §261. See 40 CFR 261.1081
  • VO concentration: means the fraction by weight of the volatile organic compounds contained in a hazardous waste expressed in terms of parts per million (ppmw) as determined by direct measurement or by knowledge of the waste in accordance with the requirements of §265. See 40 CFR 265.1081
  • Voting State: means the District of Columbia, Puerto Rico, or the State of the United States in which a member's principal place of business, as determined in accordance with 12 CFR part 1263, or any successor provision, is located as of the record date. See 12 CFR 1261.2
  • Waiver: means a written statement issued by the Director to a regulated entity or the Office of Finance that waives a provision, restriction, or requirement of an FHFA rule, regulation, policy, or order, or a required submission of information, not otherwise required by law, in connection with a particular transaction or activity. See 12 CFR 1211.1
  • Waste determination: means performing all applicable procedures in accordance with the requirements of §265. See 40 CFR 265.1081
  • Waste stabilization process: means any physical or chemical process used to either reduce the mobility of hazardous constituents in a hazardous waste or eliminate free liquids as determined by Test Method 9095B (Paint Filter Liquids Test) in "Test Methods for Evaluating Solid Waste, Physical/Chemical Methods" EPA Publication SW-846, as incorporated by reference in §260. See 40 CFR 265.1081
  • Wine: When used without qualification, the term includes every kind (class and type) of product produced on bonded wine premises from grapes, other fruit (including berries), or other suitable agricultural products and containing not more than 24 percent of alcohol by volume. See 27 CFR 24.10