Part 700 General
Part 702 General Practices and Procedures
Part 704 Reporting and Recordkeeping Requirements
Part 707 Chemical Imports and Exports
Part 710 Compilation of the Tsca Chemical Substance Inventory
Part 711 Tsca Chemical Data Reporting Requirements
Part 712 Chemical Information Rules
Part 713 Reporting Requirements for the Tsca Inventory of Mercury Supply, Use, and Trade
Part 716 Health and Safety Data Reporting
Part 717 Records and Reports of Allegations That Chemical Substances Cause Significant Adverse Reactions to Health or the Environment
Part 720 Premanufacture Notification
Part 723 Premanufacture Notification Exemptions
Part 725 Reporting Requirements and Review Processes for Microorganisms
Part 745 Lead-Based Paint Poisoning Prevention in Certain Residential Structures
Part 747 Metalworking Fluids
Part 749 Water Treatment Chemicals
Part 750 Procedures for Rulemaking Under Section 6 of the Toxic Substances Control Act
Part 751 Regulation of Certain Chemical Substances and Mixtures Under Section 6 of the Toxic Substances Control Act
Part 761 Polychlorinated Biphenyls (Pcbs) Manufacturing, Processing, Distribution in Commerce, and Use Prohibitions
Part 763 Asbestos
Part 766 Dibenzo-Para-Dioxins/dibenzofurans
Part 770 Formaldehyde Standards for Composite Wood Products
Part 790 Procedures Governing Testing Consent Agreements and Test Rules
Part 791 Data Reimbursement
Part 792 Good Laboratory Practice Standards
Part 795 Provisional Test Guidelines
Part 796 Chemical Fate Testing Guidelines
Part 797 Environmental Effects Testing Guidelines
Part 798 Health Effects Testing Guidelines
Part 799 Identification of Specific Chemical Substance and Mixture Testing Requirements

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

  • Account: means an account on the books of a Federal Reserve Bank. See 12 CFR 210.2
  • Account: means a TreasuryDirect31 CFR 363.6
  • Actually and finally collected funds: means cash or any other form of payment that is, or has become, final and irrevocable. See 12 CFR 210.2
  • Adjudication: means the formal procedure for reviewing and evaluating the investigation report and the accompanying evidentiary record and for determining whether to accept the recommended findings and any recommendations for administrative actions resulting from the investigation. See 14 CFR 1275.101
  • Advance: A payment made by Treasury check or other appropriate payment mechanism to a recipient upon its request either before outlays are made by the recipient or through the use of predetermined payment schedules. See 32 CFR 34.2
  • Advance: A payment made by Treasury check or other appropriate payment mechanism to a recipient upon its request either before outlays are made by the recipient or through the use of predetermined payment schedules. See 32 CFR 32.2
  • Advanced market risk-weighted assets: means the advanced measure for market risk calculated under §217. See 12 CFR 217.2
  • Adverse Action Notice: The notice required by the Equal Credit Opportunity Act advising a credit applicant or existing debtor of the denial of their request for credit or advising of a change in terms considered unfavorable to the account holder. Source: OCC
  • Agency: means the Department of Commerce. See 15 CFR 8c.3
  • Allegation: something that someone says happened.
  • Allocated transfer risk reserves: means reserves that have been established in accordance with section 905(a) of the International Lending Supervision Act, against certain assets whose value U. See 12 CFR 217.2
  • 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.
  • Annual percentage rate: The cost of credit at a yearly rate. It is calculated in a standard way, taking the average compound interest rate over the term of the loan so borrowers can compare loans. Lenders are required by law to disclose a card account's APR. Source: FDIC
  • 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.
  • Appeal: means the formal procedure initiated at the request of the Respondent for review of a determination resulting from the adjudication and for affirming, overturning, or modifying it. See 14 CFR 1275.101
  • Appeal: A request made after a trial, asking another court (usually the court of appeals) to decide whether the trial was conducted properly. To make such a request is "to appeal" or "to take an appeal." One who appeals is called the appellant.
  • Appellate: About appeals; an appellate court has the power to review the judgement of another lower court or tribunal.
  • Appraisal: A determination of property value.
  • Appropriation: The provision of funds, through an annual appropriations act or a permanent law, for federal agencies to make payments out of the Treasury for specified purposes. The formal federal spending process consists of two sequential steps: authorization
  • Arrest: Taking physical custody of a person by lawful authority.
  • Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
  • Assistant Attorney General: means the Assistant Attorney General, Civil Rights Division, United States Department of Justice. See 15 CFR 8c.3
  • Attachment: A procedure by which a person's property is seized to pay judgments levied by the court.
  • Automated clearing house transfer: means any transfer designated as an automated clearing house transfer in a Federal Reserve Bank Operating Circular. See 12 CFR 210.26
  • Auxiliary aids: means services or devices that enable persons with impaired sensory, manual, or speaking skills to have an equal opportunity to participate in, and enjoy the benefits of, programs or activities conducted by the agency. See 15 CFR 8c.3
  • Award: A grant or a cooperative agreement other than a technology investment agreement (TIA). See 32 CFR 34.2
  • Award: Financial assistance that provides support or stimulation to accomplish a public purpose. See 32 CFR 32.2
  • Awardee institution: means any public or private entity or organization (including a Federal, State, or local agency) that is a party to a NASA contract, grant, cooperative agreement, Space Act agreement, or to any other transaction with NASA, whose purpose includes the conduct of research. See 14 CFR 1275.101
  • Backtesting: means the comparison of a Board-regulated institution's internal estimates with actual outcomes during a sample period not used in model development. See 12 CFR 217.101
  • Backtesting: means the comparison of a Board-regulated institution's internal estimates with actual outcomes during a sample period not used in model development. See 12 CFR 217.202
  • Bank: means any person engaged in the business of banking. See 12 CFR 210.2
  • Bank holding company: means a bank holding company as defined in section 2 of the Bank Holding Company Act. See 12 CFR 217.2
  • Bank Holding Company Act: means the Bank Holding Company Act of 1956, as amended (12 U. See 12 CFR 217.2
  • Banking day: means the part of a day on which a bank is open to the public for carrying on substantially all of its banking functions. See 12 CFR 210.2
  • Bankruptcy: Refers to statutes and judicial proceedings involving persons or businesses that cannot pay their debts and seek the assistance of the court in getting a fresh start. Under the protection of the bankruptcy court, debtors may discharge their debts, perhaps by paying a portion of each debt. Bankruptcy judges preside over these proceedings.
  • 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.
  • Basis derivative contract: means a non-foreign-exchange derivative contract (i. See 12 CFR 217.2
  • Batch: means a specific quantity or lot of a test, control, or reference substance that has been characterized according to §792. See 40 CFR 792.3
  • Beer: Beer, ale, porter, stout, and other similar fermented beverages (including sake or similar products) of any name or description containing one-half of 1 percent or more of alcohol by volume, brewed, or produced from malt, wholly or in part, or from any substitute therefor. See 27 CFR 26.11
  • Benchmarking: means the comparison of a Board-regulated institution's internal estimates with relevant internal and external data or with estimates based on other estimation techniques. See 12 CFR 217.101
  • Beneficiary: refers to the second individual named in the registration of a definitive savings bond, a converted definitive savings bond, or a book-entry security purchased through the TreasuryDirect system, registered, e. See 31 CFR 363.6
  • Board: means the Board of Governors of the Federal Reserve System. See 12 CFR 217.2
  • Board-regulated institution: means a state member bank, bank holding company, or savings and loan holding company. See 12 CFR 217.2
  • Bond option contract: means a bond option, bond future, or any other instrument linked to a bond that gives rise to similar counterparty credit risk. See 12 CFR 217.101
  • Book-entry bond: means a Series EE savings bond maintained by Treasury solely as a computer record. See 31 CFR 351.3
  • Business day: Any day, other than a Saturday, Sunday, or a legal holiday. See 27 CFR 26.11
  • Business day: means any day that funds may be settled through ACH. See 31 CFR 363.6
  • Business environment and internal control factors: means the indicators of a Board-regulated institution's operational risk profile that reflect a current and forward-looking assessment of the Board-regulated institution's underlying business risk factors and internal control environment. See 12 CFR 217.101
  • Call Report: means Consolidated Reports of Condition and Income. See 12 CFR 217.2
  • Carrier: means any material, including but not limited to, feed, water, soil, and nutrient media, with which the test substance is combined for administration to a test system. See 40 CFR 792.3
  • Cash contributions: The recipient's cash outlay, including the outlay of money contributed to the recipient by third parties. See 32 CFR 34.2
  • CFTC: means the U. See 12 CFR 217.2
  • Chambers: A judge's office.
  • Check: means a check or an electronic check, as those terms are defined in §229. See 12 CFR 210.2
  • Clean-up call: means a contractual provision that permits an originating Board-regulated institution or servicer to call securitization exposures before their stated maturity or call date. See 12 CFR 217.2
  • Cleared transaction: means an exposure associated with an outstanding derivative contract or repo-style transaction that a Board-regulated institution or clearing member has entered into with a central counterparty (that is, a transaction that a central counterparty has accepted). See 12 CFR 217.2
  • Clearing member: means a member of, or direct participant in, a CCP that is entitled to enter into transactions with the CCP. See 12 CFR 217.2
  • Clearing member client: means a party to a cleared transaction associated with a CCP in which a clearing member acts either as a financial intermediary with respect to the party or guarantees the performance of the party to the CCP. See 12 CFR 217.2
  • Client-facing derivative transaction: means a derivative contract that is not a cleared transaction where the Board-regulated institution is either acting as a financial intermediary and enters into an offsetting transaction with a qualifying central counterparty (QCCP) or where the Board-regulated institution provides a guarantee on the performance of a client on a transaction between the client and a QCCP. See 12 CFR 217.2
  • Clock half-hour: means a time that is on the half-hour, such as 1:30, 2:30, etc. See 12 CFR 210.2
  • Clock hour: means a time that is on the hour, such as 1:00, 2:00, etc. See 12 CFR 210.2
  • Collateral agreement: means a legal contract that specifies the time when, and circumstances under which, a counterparty is required to pledge collateral to a Board-regulated institution for a single financial contract or for all financial contracts in a netting set and confers upon the Board-regulated institution a perfected, first-priority security interest (notwithstanding the prior security interest of any custodial agent), or the legal equivalent thereof, in the collateral posted by the counterparty under the agreement. See 12 CFR 217.2
  • Commercial end-user: means an entity that:

    (1)(i) Is using derivative contracts to hedge or mitigate commercial risk. See 12 CFR 217.2

  • Commitment: means any legally binding arrangement that obligates a Board-regulated institution to extend credit or to purchase assets. See 12 CFR 217.2
  • Commodity derivative contract: means a commodity-linked swap, purchased commodity-linked option, forward commodity-linked contract, or any other instrument linked to commodities that gives rise to similar counterparty credit risks. See 12 CFR 217.2
  • Commodity Exchange Act: means the Commodity Exchange Act of 1936 (7 U. See 12 CFR 217.2
  • Commodity position: means a position for which price risk arises from changes in the price of a commodity. See 12 CFR 217.202
  • Company: means a corporation, partnership, limited liability company, depository institution, business trust, special purpose entity, association, or similar organization. See 12 CFR 217.2
  • Complaint: A written statement by the plaintiff stating the wrongs allegedly committed by the defendant.
  • Consolidated subsidiary: has the meaning set forth in 12 CFR 249. See 12 CFR 217.401
  • Continuance: Putting off of a hearing ot trial until a later time.
  • Contract: Either:

    (1) A procurement contract made by a recipient under a DoD Component's award or by a subrecipient under a subaward. See 32 CFR 34.2

  • Contract: A legal written agreement that becomes binding when signed.
  • Contract: A procurement contract under an award or subaward, and a procurement subcontract under a recipient's or subrecipient's contract. See 32 CFR 32.2
  • Contract: means (except as used in the definitions for "grant" and "subgrant" in this section and except where qualified by "Federal") a procurement contract under a grant or subgrant, and means a procurement subcontract under a contract. See 32 CFR 33.3
  • Control: A person or company controls a company if it:

    (1) Owns, controls, or holds with power to vote 25 percent or more of a class of voting securities of the company. See 12 CFR 217.2

  • Conviction: A judgement of guilt against a criminal defendant.
  • Coowner: means either of the persons named in the registration of a definitive or a converted definitive savings bond, registered, e. See 31 CFR 363.6
  • Corporate debt position: means a debt position that is an exposure to a company that is not a sovereign entity, the Bank for International Settlements, the European Central Bank, the European Commission, the International Monetary Fund, the European Stability Mechanism, the European Financial Stability Facility, a multilateral development bank, a depository institution, a foreign bank, a credit union, a public sector entity, a GSE, or a securitization. See 12 CFR 217.202
  • 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.
  • Cost sharing or matching: That portion of project or program costs not borne by the Federal Government. See 32 CFR 34.2
  • Cost sharing or matching: That portion of project or program costs not borne by the Federal Government. See 32 CFR 32.2
  • Cost sharing or matching: means the value of the third party in-kind contributions and the portion of the costs of a federally assisted project or program not borne by the Federal Government. See 32 CFR 33.3
  • Counterclaim: A claim that a defendant makes against a plaintiff.
  • Court: means a court of law with jurisdiction over the parties and the subject matter. See 31 CFR 363.6
  • Covered asset exchange: means a transaction in which a bank holding company has provided assets of a given liquidity category to a counterparty in exchange for assets of a higher liquidity category, and the bank holding company and the counterparty agreed to return such assets to each other at a future date. See 12 CFR 217.401
  • Covered position: means the following positions:

    (1) A trading asset or trading liability (whether on- or off-balance sheet),32 as reported on Schedule RC-D of the Call Report or Schedule HC-D of the FR Y-9C (any savings and loan holding companies that does not file the FR Y-9C should follow the instructions to the FR Y-9C), that meets the following conditions:

    32Securities subject to repurchase and lending agreements are included as if they are still owned by the lender. See 12 CFR 217.202

  • Covered savings and loan holding company: means a top-tier savings and loan holding company other than:

    (1) A top-tier savings and loan holding company that is:

    (i) An institution that meets the requirements of section 10(c)(9)(C) of HOLA (12 U. See 12 CFR 217.2

  • Credit derivative: means a financial contract executed under standard industry credit derivative documentation that allows one party (the protection purchaser) to transfer the credit risk of one or more exposures (reference exposure(s)) to another party (the protection provider) for a certain period of time. See 12 CFR 217.2
  • Credit report: A detailed report of an individual's credit history prepared by a credit bureau and used by a lender in determining a loan applicant's creditworthiness. Source: OCC
  • Credit risk mitigant: means collateral, a credit derivative, or a guarantee. See 12 CFR 217.2
  • 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
  • Credit union: means an insured credit union as defined under the Federal Credit Union Act (12 U. See 12 CFR 217.2
  • Credit-enhancing representations and warranties: means representations and warranties that are made or assumed in connection with a transfer of underlying exposures (including loan servicing assets) and that obligate a Board-regulated institution to protect another party from losses arising from the credit risk of the underlying exposures. See 12 CFR 217.2
  • Credit-risk-weighted assets: means 1. See 12 CFR 217.2
  • Cross-jurisdictional claims: means foreign claims on an ultimate risk basis, as reported by the bank holding company on the FR Y-15. See 12 CFR 217.401
  • Cross-jurisdictional liabilities: means total cross-jurisdictional liabilities, as reported by the bank holding company on the FR Y-15. See 12 CFR 217.401
  • Current exposure methodology: means the method of calculating the exposure amount for over-the-counter derivative contracts in §217. See 12 CFR 217.2
  • Custodian: means a financial institution that has legal custody of collateral provided to a CCP. See 12 CFR 217.2
  • Damages: Money paid by defendants to successful plaintiffs in civil cases to compensate the plaintiffs for their injuries.
  • Debt position: means a covered position that is not a securitization position or a correlation trading position and that has a value that reacts primarily to changes in interest rates or credit spreads. See 12 CFR 217.202
  • Deed: The legal instrument used to transfer title in real property from one person to another.
  • Default fund contribution: means the funds contributed or commitments made by a clearing member to a CCP's mutualized loss sharing arrangement. See 12 CFR 217.2
  • Definitive bond: means a Series EE savings bond issued in paper form. See 31 CFR 351.3
  • Delivery: means moving a minimum amount of $25 (consisting of principal and proportionate interest) of a security held as a gift from the account of the purchaser to the account of the recipient. See 31 CFR 363.6
  • Dependence: means a measure of the association among operational losses across and within units of measure. See 12 CFR 217.101
  • 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.
  • Depository institution: means a depository institution as defined in section 3 of the Federal Deposit Insurance Act. See 12 CFR 217.2
  • Depository institution holding company: means a bank holding company or savings and loan holding company. See 12 CFR 217.2
  • Derivative contract: means a financial contract whose value is derived from the values of one or more underlying assets, reference rates, or indices of asset values or reference rates. See 12 CFR 217.2
  • Discovery: Lawyers' examination, before trial, of facts and documents in possession of the opponents to help the lawyers prepare for trial.
  • Discretionary bonus payment: means a payment made to an executive officer of a Board-regulated institution, where:

    (1) The Board-regulated institution retains discretion as to whether to make, and the amount of, the payment until the payment is awarded to the executive officer. See 12 CFR 217.2

  • Docket: A log containing brief entries of court proceedings.
  • DoD Component: A Military Department, Defense Agency, DoD Field Activity, or organization within the Office of the Secretary of Defense that provides or administers an award to a recipient. See 32 CFR 34.2
  • DoD Component: A Military Department, Defense Agency, DoD field activity, or organization within the Office of the Secretary of Defense that provides or administers an award to a recipient. See 32 CFR 32.2
  • Dodd-Frank Act: means the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010 (Pub. See 12 CFR 217.2
  • Donor: The person who makes a gift.
  • Early amortization provision: means a provision in the documentation governing a securitization that, when triggered, causes investors in the securitization exposures to be repaid before the original stated maturity of the securitization exposures, unless the provision:

    (1) Is triggered solely by events not directly related to the performance of the underlying exposures or the originating Board-regulated institution (such as material changes in tax laws or regulations). See 12 CFR 217.2

  • Effective notional amount: means for an eligible guarantee or eligible credit derivative, the lesser of the contractual notional amount of the credit risk mitigant and the exposure amount (or EAD for purposes of subpart E of this part) of the hedged exposure, multiplied by the percentage coverage of the credit risk mitigant. See 12 CFR 217.2
  • Effective tax rate: The net tax rate after reduction for any credit allowable under 26 U. See 27 CFR 26.11
  • Electronic funds transfer: The transfer of money between accounts by consumer electronic systems-such as automated teller machines (ATMs) and electronic payment of bills-rather than by check or cash. (Wire transfers, checks, drafts, and paper instruments do not fall into this category.) Source: OCC
  • Eligible ABCP liquidity facility: means a liquidity facility supporting ABCP, in form or in substance, that is subject to an asset quality test at the time of draw that precludes funding against assets that are 90 days or more past due or in default. See 12 CFR 217.2
  • Eligible clean-up call: means a clean-up call that:

    (1) Is exercisable solely at the discretion of the originating Board-regulated institution or servicer. See 12 CFR 217.2

  • Eligible credit derivative: means a credit derivative in the form of a credit default swap, nth-to-default swap, total return swap, or any other form of credit derivative approved by the Board, provided that:

    (1) The contract meets the requirements of an eligible guarantee and has been confirmed by the protection purchaser and the protection provider. See 12 CFR 217.2

  • Eligible guarantee: means a guarantee that:

    (1) Is written. See 12 CFR 217.2

  • Eligible operational risk offsets: means amounts, not to exceed expected operational loss, that:

    (1) Are generated by internal business practices to absorb highly predictable and reasonably stable operational losses, including reserves calculated consistent with GAAP. See 12 CFR 217.101

  • Eligible servicer cash advance facility: means a servicer cash advance facility in which:

    (1) The servicer is entitled to full reimbursement of advances, except that a servicer may be obligated to make non-reimbursable advances for a particular underlying exposure if any such advance is contractually limited to an insignificant amount of the outstanding principal balance of that exposure. See 12 CFR 217.2

  • Eligible wine: Wine on which tax would be imposed by paragraph (1), (2), or (3) of 26 U. See 27 CFR 26.11
  • employee: as used in this part includes every person in the service of a carrier (subject to its continuing authority to supervise and direct the manner of rendition of his service) who performs any work defined as that of an employee or subordinate official in the orders of the Interstate Commerce Commission now in effect, and as the same may be amended or interpreted by orders hereafter entered by the Commission pursuant to the authority which is hereby conferred upon it to enter orders amending or interpreting such existing orders: Provided, however, That no occupational classification made by order of the Interstate Commerce Commission shall be construed to define the crafts according to which railway employees may be organized by their voluntary action, nor shall the jurisdiction or powers of such employee organizations be regarded as in any way limited or defined by the provisions of this Act or by the orders of the Commission. See 29 CFR 1201.4
  • Entity: means any owner of a TreasuryDirect account that is not an individual. See 31 CFR 363.6
  • EPA: means the U. See 40 CFR 792.3
  • 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: Tangible nonexpendable personal property charged directly to the award having a useful life of more than one year and an acquisition cost of $5,000 or more per unit. See 32 CFR 34.2
  • Equipment: Tangible nonexpendable personal property including exempt property charged directly to the award having a useful life of more than one year and an acquisition cost of $5,000 or more per unit. See 32 CFR 32.2
  • Equipment: means tangible, nonexpendable, personal property having a useful life of more than one year and an acquisition cost of $5,000 or more per unit. See 32 CFR 33.3
  • 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
  • Equity derivative contract: means an equity-linked swap, purchased equity-linked option, forward equity-linked contract, or any other instrument linked to equities that gives rise to similar counterparty credit risks. See 12 CFR 217.2
  • Equity position: means a covered position that is not a securitization position or a correlation trading position and that has a value that reacts primarily to changes in equity prices. See 12 CFR 217.202
  • ERISA: means the Employee Retirement Income and Security Act of 1974 (29 U. See 12 CFR 217.2
  • Escrow: Money given to a third party to be held for payment until certain conditions are met.
  • et seq: and 12 CFR part 1805. See 12 CFR 217.2
  • Event risk: means the risk of loss on equity or hybrid equity positions as a result of a financial event, such as the announcement or occurrence of a company merger, acquisition, spin-off, or dissolution. See 12 CFR 217.202
  • 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.
  • Exchange rate derivative contract: means a cross-currency interest rate swap, forward foreign-exchange contract, currency option purchased, or any other instrument linked to exchange rates that gives rise to similar counterparty credit risks. See 12 CFR 217.2
  • Executive officer: means a person who holds the title or, without regard to title, salary, or compensation, performs the function of one or more of the following positions: President, chief executive officer, executive chairman, chief operating officer, chief financial officer, chief investment officer, chief legal officer, chief lending officer, chief risk officer, or head of a major business line, and other staff that the board of directors of the Board-regulated institution deems to have equivalent responsibility. See 12 CFR 217.2
  • Exempt property: Tangible personal property acquired in whole or in part with Federal funds, where the DoD Component has statutory authority to vest title in the recipient without further obligation to the Federal Government. See 32 CFR 32.2
  • Expenditures: See the definition for outlays in this section. See 32 CFR 34.2
  • Experimental start date: means the first date the test substance is applied to the test system. See 40 CFR 792.3
  • Exposure category: means any of the wholesale, retail, securitization, or equity exposure categories. See 12 CFR 217.101
  • extended maturity: refer to periods after the original maturity dates of the bonds during which owners may retain them and continue to earn interest. See 31 CFR 351.3
  • Face amount: refers to the nominal amount of a Series EE savings bond. See 31 CFR 351.3
  • Facility: means all or any portion of buildings, structures, equipment, roads, walks, parking lots, rolling stock or other conveyances, or other real or personal property. See 15 CFR 8c.3
  • Fair Credit Reporting Act: A federal law, established in 1971 and revised in 1997, that gives consumers the right to see their credit records and correct any mistakes. Source: OCC
  • 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.
  • FDA: means the U. See 40 CFR 792.3
  • Federal Deposit Insurance Act: means the Federal Deposit Insurance Act (12 U. See 12 CFR 217.2
  • 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 Deposit Insurance Corporation Improvement Act: means the Federal Deposit Insurance Corporation Improvement Act of 1991 (12 U. See 12 CFR 217.2
  • 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
  • Federally owned property: Property in the possession of, or directly acquired by, the Government and subsequently made available to the recipient. See 32 CFR 34.2
  • Fedwire: means the funds-transfer system owned and operated by the Federal Reserve Banks that is used primarily for the transmission and settlement of payment orders governed by this subpart. See 12 CFR 210.26
  • Fiduciary: A trustee, executor, or administrator.
  • Final maturity: refers to the date that a bond ceases to earn interest. See 31 CFR 351.3
  • Financial collateral: means collateral:

    (1) In the form of:

    (i) Cash on deposit with the Board-regulated institution (including cash held for the Board-regulated institution by a third-party custodian or trustee). See 12 CFR 217.2

  • Financial sector entity: has the meaning set forth in 12 CFR 249. See 12 CFR 217.401
  • First-lien residential mortgage exposure: means a residential mortgage exposure secured by a first lien. See 12 CFR 217.2
  • Fiscal year: The fiscal year is the accounting period for the government. For the federal government, this begins on October 1 and ends on September 30. The fiscal year is designated by the calendar year in which it ends; for example, fiscal year 2006 begins on October 1, 2005 and ends on September 30, 2006.
  • 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
  • Foreign bank: means a foreign bank as defined in §211. See 12 CFR 217.2
  • Forward agreement: means a legally binding contractual obligation to purchase assets with certain drawdown at a specified future date, not including commitments to make residential mortgage loans or forward foreign exchange contracts. See 12 CFR 217.2
  • Fraud: Intentional deception resulting in injury to another.
  • 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
  • Funding period: The period of time when Federal funding is available for obligation by the recipient. See 32 CFR 32.2
  • GAAP: means generally accepted accounting principles as used in the United States. See 12 CFR 217.401
  • GAAP: means generally accepted accounting principles as used in the United States. See 12 CFR 217.2
  • Gain-on-sale: means an increase in the equity capital of a Board-regulated institution (as reported on [Schedule RC of the Call Report or Schedule HC of the FR Y-9C]) resulting from a traditional securitization (other than an increase in equity capital resulting from the Board-regulated institution's receipt of cash in connection with the securitization or reporting of a mortgage servicing asset on [Schedule RC of the Call Report or Schedule HC of the FRY-9C]). See 12 CFR 217.2
  • General market risk: means the risk of loss that could result from broad market movements, such as changes in the general level of interest rates, credit spreads, equity prices, foreign exchange rates, or commodity prices. See 12 CFR 217.202
  • General obligation: means a bond or similar obligation that is backed by the full faith and credit of a public sector entity (PSE). See 12 CFR 217.2
  • Gift: means a Treasury security purchased for or transferred to an intended recipient, without consideration. See 31 CFR 363.6
  • Global systemically important BHC: means a bank holding company that is identified as a global systemically important BHC pursuant to §217. See 12 CFR 217.2
  • Government: means a State or local government or a federally recognized Indian tribal government. See 29 CFR 97.3
  • Government: means a State or local government or a federally recognized Indian tribal government. See 32 CFR 33.3
  • 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
  • Grand jury: agreement providing that a lender will delay exercising its rights (in the case of a mortgage,
  • Grant: means an award of financial assistance, including cooperative agreements, in the form of money, or property in lieu of money, by the Federal Government to an eligible grantee. See 29 CFR 97.3
  • Grant: means an award of financial assistance, including cooperative agreements, in the form of money, or property in lieu of money, by the Federal Government to an eligible grantee. See 32 CFR 33.3
  • Grantee: means the government to which a grant is awarded and which is accountable for the use of the funds provided. See 32 CFR 33.3
  • Grantee: means the government to which a grant is awarded and which is accountable for the use of the funds provided. See 29 CFR 97.3
  • Grantor: The person who establishes a trust and places property into it.
  • GSIB surcharge: means the capital surcharge applicable to a global systemically important BHC calculated pursuant to §217. See 12 CFR 217.2
  • Guarantee: means a financial guarantee, letter of credit, insurance, or other similar financial instrument (other than a credit derivative) that allows one party (beneficiary) to transfer the credit risk of one or more specific exposures (reference exposure) to another party (protection provider). See 12 CFR 217.2
  • Guarantor: A party who agrees to be responsible for the payment of another party's debts should that party default. Source: OCC
  • Guardian: A person legally empowered and charged with the duty of taking care of and managing the property of another person who because of age, intellect, or health, is incapable of managing his (her) own affairs.
  • Has a record of such an impairment: means has a history of, or has been misclassified as having, a mental or physical impairment that substantially limits one or more major life activities. See 15 CFR 8c.3
  • Hedge: means a position or positions that offset all, or substantially all, of one or more material risk factors of another position. See 12 CFR 217.202
  • Home country: means the country where an entity is incorporated, chartered, or similarly established. See 12 CFR 217.2
  • Idiosyncratic risk: means the risk of loss in the value of a position that arises from changes in risk factors unique to that position. See 12 CFR 217.202
  • Incremental risk: means the default risk and credit migration risk of a position. See 12 CFR 217.202
  • Independent collateral: means financial collateral, other than variation margin, that is subject to a collateral agreement, or in which a Board-regulated institution has a perfected, first-priority security interest or, outside of the United States, the legal equivalent thereof (with the exception of cash on deposit. See 12 CFR 217.2
  • Indirect exposure: means an exposure that arises from the Board-regulated institution's investment in an investment fund which holds an investment in the Board-regulated institution's own capital instrument or an investment in the capital of an unconsolidated financial institution. See 12 CFR 217.2
  • Individual: means a natural person. See 31 CFR 363.6
  • Individual with handicaps: means any person who has a physical or mental impairment that substantially limits one or more major life activities, has a record of such an impairment, or is regarded as having such an impairment. See 15 CFR 8c.3
  • Industrial spirits: As to products of Puerto Rico, distilled spirits produced and warehoused at and withdrawn from distilled spirits plants established and operated under the provisions of this chapter relating to the establishment of such plants and the production, bonded warehousing, and withdrawal from bond of distilled spirits in the United States, or as to products of the Virgin Islands, distilled spirits produced, warehoused, and withdrawn under Virgin Islands regulations. See 27 CFR 26.11
  • Injunction: An order of the court prohibiting (or compelling) the performance of a specific act to prevent irreparable damage or injury.
  • Inquiry: means the assessment of whether an allegation of research misconduct has substance and warrants an investigation. See 14 CFR 1275.101
  • Insurance company: means an insurance company as defined in section 201 of the Dodd-Frank Act (12 U. See 12 CFR 217.2
  • Insurance underwriting company: means an insurance company as defined in section 201 of the Dodd-Frank Act (12 U. See 12 CFR 217.2
  • Insured depository institution: means an insured depository institution as defined in section 3 of the Federal Deposit Insurance Act. See 12 CFR 217.2
  • Intangible property: Property that has no intrinsic value, but is merely the evidence of value such as stock certificates, bonds, and promissory notes.
  • Interdistrict transfer: means a funds transfer involving entries to accounts maintained at two Federal Reserve Banks. See 12 CFR 210.26
  • 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
  • Interest rate derivative contract: means a single-currency interest rate swap, basis swap, forward rate agreement, purchased interest rate option, when-issued securities, or any other instrument linked to interest rates that gives rise to similar counterparty credit risks. See 12 CFR 217.2
  • International Lending Supervision Act: means the International Lending Supervision Act of 1983 (12 U. See 12 CFR 217.2
  • Intra-financial system assets: means total intra-financial system assets, as reported by the bank holding company on the FR Y-15. See 12 CFR 217.401
  • Intra-financial system liabilities: means total intra-financial system liabilities, as reported by the bank holding company on the FR Y-15. See 12 CFR 217.401
  • Investigation: means the formal development of a factual record and the examination of that record leading to recommended findings on whether research misconduct has occurred, and if the recommended findings are that such conduct has occurred, to include recommendations on appropriate administrative actions. See 14 CFR 1275.101
  • Investment fund: means a company:

    (1) Where all or substantially all of the assets of the company are financial assets. See 12 CFR 217.2

  • Investment grade: means that the entity to which the Board-regulated institution is exposed through a loan or security, or the reference entity with respect to a credit derivative, has adequate capacity to meet financial commitments for the projected life of the asset or exposure. See 12 CFR 217.2
  • Investment in the capital of an unconsolidated financial institution: means a net long position calculated in accordance with §217. See 12 CFR 217.2
  • item: includes both a cash and a noncash item, and includes a returned check sent by a paying or returning bank. See 12 CFR 210.2
  • Judgement: The official decision of a court finally determining the respective rights and claims of the parties to a suit.
  • Junior-lien residential mortgage exposure: means a residential mortgage exposure that is not a first-lien residential mortgage exposure. See 12 CFR 217.2
  • Jurisdiction: (1) The legal authority of a court to hear and decide a case. Concurrent jurisdiction exists when two courts have simultaneous responsibility for the same case. (2) The geographic area over which the court has authority to decide cases.
  • 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
  • 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.
  • Liquors: Industrial spirits, distilled spirits, liqueurs, cordials and similar compounds, wines, and beer or any alcoholic preparation fit for beverage use. See 27 CFR 26.11
  • Main index: means the Standard & Poor's 500 Index, the FTSE All-World Index, and any other index for which the Board-regulated institution can demonstrate to the satisfaction of the Board that the equities represented in the index have comparable liquidity, depth of market, and size of bid-ask spreads as equities in the Standard & Poor's 500 Index and FTSE All-World Index. See 12 CFR 217.2
  • Market risk: means the risk of loss on a position that could result from movements in market prices. See 12 CFR 217.202
  • Market risk Board-regulated institution: means a Board-regulated institution that is described in §217. See 12 CFR 217.2
  • Minimum transfer amount: means the smallest amount of variation margin that may be transferred between counterparties to a netting set pursuant to the variation margin agreement. See 12 CFR 217.2
  • Minor: means an individual under the age of 18 years. See 31 CFR 363.6
  • Money market fund: means an investment fund that is subject to 17 CFR 270. See 12 CFR 217.2
  • 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
  • Mortgagee: The person to whom property is mortgaged and who has loaned the money.
  • Mortgagor: The person who pledges property to a creditor as collateral for a loan and who receives the money.
  • National Bank: A bank that is subject to the supervision of the Comptroller of the Currency. The Office of the Comptroller of the Currency is a bureau of the U.S. Treasury Department. A national bank can be recognized because it must have "national" or "national association" in its name. Source: OCC
  • National Bank Act: means the National Bank Act (12 U. See 12 CFR 217.2
  • 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
  • Net independent collateral amount: means the fair value amount of the independent collateral, as adjusted by the standard supervisory haircuts under §217. See 12 CFR 217.2
  • Netting set: means a group of transactions with a single counterparty that are subject to a qualifying master netting agreement. See 12 CFR 217.2
  • Nolo contendere: No contest-has the same effect as a plea of guilty, as far as the criminal sentence is concerned, but may not be considered as an admission of guilt for any other purpose.
  • Non-guaranteed separate account: means a separate account where the insurance company:

    (1) Does not contractually guarantee either a minimum return or account value to the contract holder. See 12 CFR 217.2

  • Non-significant investment in the capital of an unconsolidated financial institution: means an investment by an advanced approaches Board-regulated institution in the capital of an unconsolidated financial institution where the advanced approaches Board-regulated institution owns 10 percent or less of the issued and outstanding common stock of the unconsolidated financial institution. See 12 CFR 217.2
  • Nonbank payor: means a payor of an item, other than a bank. See 12 CFR 210.2
  • Noncash item: means an item that a receiving Reserve Bank classifies in its operating circulars as requiring special handling. See 12 CFR 210.2
  • Oath: A promise to tell the truth.
  • Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.
  • Obligations: means the amounts of orders placed, contracts and subgrants awarded, goods and services received, and similar transactions during a given period that will require payment by the grantee during the same or a future period. See 32 CFR 33.3
  • Obligations: The amounts of orders placed, contracts and grants awarded, services received and similar transactions during a given period that require payment by the recipient during the same or a future period. See 32 CFR 34.2
  • Obligations: The amounts of orders placed, contracts and grants awarded, services received and similar transactions during a given period that require payment by the recipient during the same or a future period. See 32 CFR 32.2
  • Obligor: means the legal entity or natural person contractually obligated on a wholesale exposure, except that a Board-regulated institution may treat the following exposures as having separate obligors:

    (1) Exposures to the same legal entity or natural person denominated in different currencies. See 12 CFR 217.101

  • Off-line bank: means a bank that transmits payment orders to and receives payment orders from a Federal Reserve Bank by telephone orally or by other means other than electronic data transmission. See 12 CFR 210.26
  • OMB: means the United States Office of Management and Budget. See 32 CFR 33.3
  • OMB: means the United States Office of Management and Budget. See 29 CFR 97.3
  • Online: means use of the Internet. See 31 CFR 363.6
  • 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
  • Operating entity: means a company established to conduct business with clients with the intention of earning a profit in its own right. See 12 CFR 217.2
  • Operational deposit: has the meaning set forth in 12 CFR 249. See 12 CFR 217.401
  • Operational loss: means a loss (excluding insurance or tax effects) resulting from an operational loss event. See 12 CFR 217.101
  • Operational loss event: means an event that results in loss and is associated with any of the following seven operational loss event type categories:

    (1) Internal fraud, which means the operational loss event type category that comprises operational losses resulting from an act involving at least one internal party of a type intended to defraud, misappropriate property, or circumvent regulations, the law, or company policy excluding diversity- and discrimination-type events. See 12 CFR 217.101

  • Operational risk: means the risk of loss resulting from inadequate or failed internal processes, people, and systems or from external events (including legal risk but excluding strategic and reputational risk). See 12 CFR 217.101
  • Operational risk exposure: means the 99. See 12 CFR 217.101
  • original maturity: refers to the initial maturity period of a bond prior to any extensions of maturity. See 31 CFR 351.3
  • Other retail exposure: means an exposure (other than a securitization exposure, an equity exposure, a residential mortgage exposure, a pre-sold construction loan, a qualifying revolving exposure, or the residual value portion of a lease exposure) that is managed as part of a segment of exposures with homogeneous risk characteristics, not on an individual-exposure basis, and is either:

    (1) An exposure to an individual for non-business purposes. See 12 CFR 217.101

  • our: refers to the agency, the Bureau of the Fiscal Service. See 31 CFR 351.3
  • 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.
  • Oversight: Committee review of the activities of a Federal agency or program.
  • Partnership: A voluntary contract between two or more persons to pool some or all of their assets into a business, with the agreement that there will be a proportional sharing of profits and losses.
  • Payments activity: means payments activity, as reported by the bank holding company on the FR Y-15. See 12 CFR 217.401
  • Payroll savings plan: is a method for the purchase of savings bonds using periodic ACH credits from your employer or financial institution to purchase a payroll zero-percent certificate of indebtedness until a sufficient amount of payroll zero-percent certificate of indebtedness is accumulated to enable the purchase of a savings bond in an amount, series, and registration that you previously selected using functionality in your TreasuryDirect account. See 31 CFR 363.6
  • Payroll zero-percent certificate of indebtedness: is a restricted form of the zero-percent certificate of indebtedness that is held separately from the zero-percent certificate of indebtedness and used only for purchases made through the payroll savings plan. See 31 CFR 363.6
  • Percentage of completion method: refers to a system under which payments are made for construction work according to the percentage of completion of the work, rather than to the grantee's cost incurred. See 32 CFR 33.3
  • Permit: A formal written authorization of the Secretary of the Treasury of Puerto Rico. See 27 CFR 26.11
  • Person: includes an individual, partnership, corporation, association, scientific or academic establishment, government agency, or organizational unit thereof, and any other legal entity. See 40 CFR 792.3
  • Person: An individual, a trust, an estate, a partnership, an association, a company, or a corporation. See 27 CFR 26.11
  • Person: means an individual or an entity. See 31 CFR 363.6
  • Personal property: All property that is not real property.
  • Physical or mental impairment: includes --

    (i) Any physiological disorder or condition, cosmetic disfigurement, or anatomical loss affecting one or more of the following body systems: Neurological; musculoskeletal; special sense organs; respiratory, including speech organs; cardiovascular; reproductive; digestive; genitourinary; hemic and lymphatic; skin; and endocrine; or

    (ii) Any mental or psychological disorder, such as mental retardation, organic brain syndrome, emotional or mental illness, and specific learning disabilities. See 15 CFR 8c.3

  • 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.
  • Pleadings: Written statements of the parties in a civil case of their positions. In the federal courts, the principal pleadings are the complaint and the answer.
  • Policy loan: means a loan by an insurance company to a policy holder pursuant to the provisions of an insurance contract that is secured by the cash surrender value or collateral assignment of the related policy or contract. See 12 CFR 217.2
  • Power of attorney: A written instrument which authorizes one person to act as another's agent or attorney. The power of attorney may be for a definite, specific act, or it may be general in nature. The terms of the written power of attorney may specify when it will expire. If not, the power of attorney usually expires when the person granting it dies. Source: OCC
  • Pre-sold construction loan: means any one-to-four family residential construction loan to a builder that meets the requirements of section 618(a)(1) or (2) of the Resolution Trust Corporation Refinancing, Restructuring, and Improvement Act of 1991 (12 U. See 12 CFR 217.2
  • 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.
  • Primary account: means the account that you establish when you first open your TreasuryDirect account. See 31 CFR 363.6
  • Principal amount: means the amount of the original investment. See 31 CFR 363.6
  • Prior approval: means documentation evidencing consent prior to incurring specific cost. See 32 CFR 33.3
  • Prior approval: Written or electronic approval by an authorized official evidencing prior consent. See 32 CFR 34.2
  • Prior approval: Written approval by an authorized official evidencing prior consent. See 32 CFR 32.2
  • Program income: Gross income earned by the recipient that is directly generated by a supported activity or earned as a result of the award. See 32 CFR 34.2
  • Program income: Gross income earned by the recipient that is directly generated by a supported activity or earned as a result of the award (see exclusions in §32. See 32 CFR 32.2
  • Project costs: All allowable costs, as set forth in the applicable Federal cost principles, incurred by a recipient and the value of the contributions made by third parties in accomplishing the objectives of the award during the project period. See 32 CFR 34.2
  • Project costs: All allowable costs, as set forth in the applicable Federal cost principles, incurred by a recipient and the value of the contributions made by third parties in accomplishing the objectives of the award during the project period. See 32 CFR 32.2
  • Project period: The period established in the award document during which Federal sponsorship begins and ends. See 32 CFR 34.2
  • Project period: The period established in the award document during which Federal sponsorship begins and ends. See 32 CFR 32.2
  • Proof gallon: A gallon of liquid at 60 degrees Fahrenheit which contains 50 percent by volume of ethyl alcohol having a specific gravity of 0. See 27 CFR 26.11
  • Property: Real property and personal property (equipment, supplies, and intellectual property), unless stated otherwise. See 32 CFR 34.2
  • Property: Real property and personal property (equipment, supplies, intangible property and debt instruments), unless stated otherwise. See 32 CFR 32.2
  • Public law: A public bill or joint resolution that has passed both chambers and been enacted into law. Public laws have general applicability nationwide.
  • Publicly-traded: means traded on:

    (1) Any exchange registered with the SEC as a national securities exchange under section 6 of the Securities Exchange Act. See 12 CFR 217.2

  • Qualifying cross-product master netting agreement: means a qualifying master netting agreement that provides for termination and close-out netting across multiple types of financial transactions or qualifying master netting agreements in the event of a counterparty's default, provided that the underlying financial transactions are OTC derivative contracts, eligible margin loans, or repo-style transactions. See 12 CFR 217.101
  • Qualifying master netting agreement: means a written, legally enforceable agreement provided that:

    (1) The agreement creates a single legal obligation for all individual transactions covered by the agreement upon an event of default following any stay permitted by paragraph (2) of this definition, including upon an event of receivership, conservatorship, insolvency, liquidation, or similar proceeding, of the counterparty. See 12 CFR 217.2

  • Quality assurance unit: means any person or organizational element, except the study director, designated by testing facility management to perform the duties relating to quality assurance of the studies. See 40 CFR 792.3
  • Quorum: The number of legislators that must be present to do business.
  • Raw data: means any laboratory worksheets, records, memoranda, notes, or exact copies thereof, that are the result of original observations and activities of a study and are necessary for the reconstruction and evaluation of the report of that study. See 40 CFR 792.3
  • Real property: means land, including land improvements, structures and appurtenances thereto, excluding movable machinery and equipment. See 32 CFR 33.3
  • Real property: Land, including land improvements, structures and appurtenances thereto, but excludes movable machinery and equipment. See 32 CFR 34.2
  • Real property: Land, and all immovable fixtures erected on, growing on, or affixed to the land.
  • Real property: Land, including land improvements, structures and appurtenances thereto, but excluding movable machinery and equipment. See 32 CFR 32.2
  • Recipient: A for-profit organization receiving an award directly from a DoD Component to carry out a project or program. See 32 CFR 34.2
  • Recipient: means the person to whom a gift is given. See 31 CFR 363.6
  • Recipient: An organization receiving financial assistance directly from DoD Components to carry out a project or program. See 32 CFR 32.2
  • 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
  • Redemption of a savings bond: refers to the payment of principal and interest at final maturity, or prior to final maturity at the option of the owner. See 31 CFR 363.6
  • Redemption value: means principal plus accrued interest of a Series EE savings bond, as of the date of potential or actual redemption. See 31 CFR 351.3
  • Redemption value: means principal plus accrued interest of a bond, or a portion of the principal plus a proportionate amount of accrued interest on the bond, as of the date of redemption. See 31 CFR 363.6
  • Reference substance: means any chemical substance or mixture, or analytical standard, or material other than a test substance, feed, or water, that is administered to or used in analyzing the test system in the course of a study for the purposes of establishing a basis for comparison with the test substance for known chemical or biological measurements. See 40 CFR 792.3
  • Registered: means that the name and taxpayer identification number(s) (TIN) of the person(s) named on the security are maintained on our records. See 31 CFR 363.6
  • Regulated financial institution: means a financial institution subject to consolidated supervision and regulation comparable to that imposed on the following U. See 12 CFR 217.2
  • Remainder: An interest in property that takes effect in the future at a specified time or after the occurrence of some event, such as the death of a life tenant.
  • Repo-style transaction: means a repurchase or reverse repurchase transaction, or a securities borrowing or securities lending transaction, including a transaction in which the Board-regulated institution acts as agent for a customer and indemnifies the customer against loss, provided that:

    (1) The transaction is based solely on liquid and readily marketable securities, cash, or gold. See 12 CFR 217.2

  • 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.
  • Research: Basic, applied, and advanced research activities. See 32 CFR 34.2
  • Resecuritization: means a securitization which has more than one underlying exposure and in which one or more of the underlying exposures is a securitization exposure. See 12 CFR 217.2
  • Residential mortgage exposure: means an exposure (other than a securitization exposure, equity exposure, statutory multifamily mortgage, or presold construction loan):

    (1)(i) That is primarily secured by a first or subsequent lien on one-to-four family residential property. See 12 CFR 217.2

  • Restitution: The court-ordered payment of money by the defendant to the victim for damages caused by the criminal action.
  • Retail: (i) A retail exposure of a Board-regulated institution is in default if:

    (A) The exposure is 180 days past due, in the case of a residential mortgage exposure or revolving exposure. See 12 CFR 217.101

  • Retail customer or counterparty: has the meaning set forth in 12 CFR 249. See 12 CFR 217.401
  • Retail exposure: means a residential mortgage exposure, a qualifying revolving exposure, or an other retail exposure. See 12 CFR 217.101
  • Retail exposure subcategory: means the residential mortgage exposure, qualifying revolving exposure, or other retail exposure subcategory. See 12 CFR 217.101
  • Returned check: means a cash item returned by a paying bank, including an electronic returned check as defined in §229. See 12 CFR 210.2
  • Revenue Agent: Any duly authorized Commonwealth Internal Revenue Agent of the Department of the Treasury of Puerto Rico. See 27 CFR 26.11
  • Revenue obligation: means a bond or similar obligation that is an obligation of a PSE, but which the PSE is committed to repay with revenues from the specific project financed rather than general tax funds. See 12 CFR 217.2
  • Revolving 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 open-end credit.) Source: OCC
  • Risk parameter: means a variable used in determining risk-based capital requirements for wholesale and retail exposures, specifically probability of default (PD), loss given default (LGD), exposure at default (EAD), or effective maturity (M). See 12 CFR 217.101
  • Savings and loan holding company: means a savings and loan holding company as defined in section 10 of the Home Owners' Loan Act (12 U. See 12 CFR 217.2
  • Scenario analysis: means a systematic process of obtaining expert opinions from business managers and risk management experts to derive reasoned assessments of the likelihood and loss impact of plausible high-severity operational losses. See 12 CFR 217.101
  • Secretary: The Secretary of the Treasury of Puerto Rico. See 27 CFR 26.11
  • Secretary or his delegate: The Secretary or any officer or employee of the Department of the Treasury of Puerto Rico duly authorized by the Secretary to perform the function mentioned or described in this part. See 27 CFR 26.11
  • Secured funding transaction: has the meaning set forth in 12 CFR 249. See 12 CFR 217.401
  • Securities Exchange Act: means the Securities Exchange Act of 1934 (15 U. See 12 CFR 217.2
  • Securities outstanding: means total securities outstanding, as reported by the bank holding company on the FR Y-15. See 12 CFR 217.401
  • Securitization: means a transaction in which:

    (1) All or a portion of the credit risk of one or more underlying exposures is transferred to one or more third parties. See 12 CFR 217.202

  • Securitization position: means a covered position that is:

    (1) An on-balance sheet or off-balance sheet credit exposure (including credit-enhancing representations and warranties) that arises from a securitization (including a resecuritization). See 12 CFR 217.202

  • Sender: means any of the following entities that sends an item to a Reserve Bank for forward collection--

    (1) A depository institution, as defined in section 19(b) of the Federal Reserve Act (12 U. See 12 CFR 210.2

  • Separate account: means a legally segregated pool of assets owned and held by an insurance company and maintained separately from the insurance company's general account assets for the benefit of an individual contract holder. See 12 CFR 217.2
  • Series EE savings bond: is an accrual-type savings bond, offered at a discount, either in definitive (paper) form or in book-entry form, that pays interest on the principal based on rates determined by Treasury. See 31 CFR 351.3
  • Service of process: The service of writs or summonses to the appropriate party.
  • Servicer cash advance facility: means a facility under which the servicer of the underlying exposures of a securitization may advance cash to ensure an uninterrupted flow of payments to investors in the securitization, including advances made to cover foreclosure costs or other expenses to facilitate the timely collection of the underlying exposures. See 12 CFR 217.2
  • Settlement: Parties to a lawsuit resolve their difference without having a trial. Settlements often involve the payment of compensation by one party in satisfaction of the other party's claims.
  • Short position: means a transaction in which a bank holding company has borrowed or otherwise obtained a security from a counterparty and sold that security, and the bank holding company must return the security to the initial counterparty in the future. See 12 CFR 217.401
  • Significant investment in the capital of an unconsolidated financial institution: means an investment by an advanced approaches Board-regulated institution in the capital of an unconsolidated financial institution where the advanced approaches Board-regulated institution owns more than 10 percent of the issued and outstanding common stock of the unconsolidated financial institution. See 12 CFR 217.2
  • Single owner: means the individual named in the registration of a book-entry Treasury security or a converted savings bond without a beneficiary, secondary owner, or coowner. See 31 CFR 363.6
  • Small Business Act: means the Small Business Act (15 U. See 12 CFR 217.2
  • Small Business Investment Act: means the Small Business Investment Act of 1958 (15 U. See 12 CFR 217.2
  • Sovereign: means a central government (including the U. See 12 CFR 217.2
  • Sovereign debt position: means a direct exposure to a sovereign entity. See 12 CFR 217.202
  • Sovereign default: means noncompliance by a sovereign with its external debt service obligations or the inability or unwillingness of a sovereign government to service an existing loan according to its original terms, as evidenced by failure to pay principal and interest timely and fully, arrearages, or restructuring. See 12 CFR 217.2
  • Specific risk: means the risk of loss on a position that could result from factors other than broad market movements and includes event risk, default risk, and idiosyncratic risk. See 12 CFR 217.202
  • Specific wrong-way risk: means wrong-way risk that arises when either:

    (1) The counterparty and issuer of the collateral supporting the transaction. See 12 CFR 217.2

  • Specimen: means any material derived from a test system for examination or analysis. See 40 CFR 792.3
  • Speculative grade: means the reference entity has adequate capacity to meet financial commitments in the near term, but is vulnerable to adverse economic conditions, such that should economic conditions deteriorate, the reference entity would present an elevated default risk. See 12 CFR 217.2
  • Standardized market risk-weighted assets: means the standardized measure for market risk calculated under §217. See 12 CFR 217.2
  • State: means any of the several States of the United States, the District of Columbia, the Commonwealth of Puerto Rico, any territory or possession of the United States, or any agency or instrumentality of a State exclusive of local governments. See 32 CFR 33.3
  • State: means a State of the United States, the District of Columbia, Puerto Rico, or a territory, possession, or dependency of the United States. See 12 CFR 210.2
  • State: means any of the several States of the United States, the District of Columbia, the Commonwealth of Puerto Rico, any territory or possession of the United States, or any agency or instrumentality of a State exclusive of local governments. See 29 CFR 97.3
  • State bank: means any bank incorporated by special law of any State, or organized under the general laws of any State, or of the United States, including a Morris Plan bank, or other incorporated banking institution engaged in a similar business. See 12 CFR 217.2
  • State member bank or member bank: means a state bank that is a member of the Federal Reserve System. See 12 CFR 217.2
  • Statute: A law passed by a legislature.
  • Statute of limitations: A law that sets the time within which parties must take action to enforce their rights.
  • Statutory multifamily mortgage: means a loan secured by a multifamily residential property that meets the requirements under section 618(b)(1) of the Resolution Trust Corporation Refinancing, Restructuring, and Improvement Act of 1991, and that meets the following criteria:9

    9The types of loans that qualify as loans secured by multifamily residential properties are listed in the instructions for preparation of the Call Report, for a state member bank, or FR Y-9C, for a bank holding company or savings and loan holding company, as applicable. See 12 CFR 217.2

  • Study: means any experiment at one or more test sites, in which a test substance is studied in a test system under laboratory conditions or in the environment to determine or help predict its effects, metabolism, environmental and chemical fate, persistence, or other characteristics in humans, other living organisms, or media. See 40 CFR 792.3
  • Study director: means the individual responsible for the overall conduct of a study. See 40 CFR 792.3
  • Sub-speculative grade: means the reference entity depends on favorable economic conditions to meet its financial commitments, such that should such economic conditions deteriorate the reference entity likely would default on its financial commitments. See 12 CFR 217.2
  • Subaward: Financial assistance in the form of money, or property in lieu of money, provided under an award by a recipient to an eligible subrecipient or by a subrecipient to a lower tier subrecipient. See 32 CFR 34.2
  • Subaward: An award of financial assistance in the form of money, or property in lieu of money, made under an award by a recipient to an eligible subrecipient or by a subrecipient to a lower tier subrecipient. See 32 CFR 32.2
  • Subgrant: means an award of financial assistance in the form of money, or property in lieu of money, made under a grant by a grantee to an eligible subgrantee. See 32 CFR 33.3
  • Subgrantee: means the government or other legal entity to which a subgrant is awarded and which is accountable to the grantee for the use of the funds provided. See 32 CFR 33.3
  • Subgrantee: means the government or other legal entity to which a subgrant is awarded and which is accountable to the grantee for the use of the funds provided. See 29 CFR 97.3
  • Subrecipient: The legal entity to which a subaward is made and which is accountable to the recipient for the use of the funds provided. See 32 CFR 32.2
  • Summons: Another word for subpoena used by the criminal justice system.
  • Supplies: means all tangible personal property other than "equipment" as defined in this part. See 32 CFR 33.3
  • Supplies: Tangible expendable personal property that is charged directly to the award and that has a useful life of less than one year or an acquisition cost of less than $5000 per unit. See 32 CFR 34.2
  • Supplies: All personal property excluding equipment, intangible property, and debt instruments as defined in this section, and inventions of a contractor conceived or first actually reduced to practice in the performance of work under a funding agreement ("subject inventions"), as defined in 37 CFR part 401, "Rights to Inventions Made by Nonprofit Organizations and Small Business Firms Under Government Grants, Contracts, and Cooperative Agreements. See 32 CFR 32.2
  • Suspension: means depending on the context, either:

    (1) Temporary withdrawal of the authority to obligate grant funds pending corrective action by the grantee or subgrantee or a decision to terminate the grant, or

    (2) An action taken by a suspending official in accordance with agency regulations implementing E. See 32 CFR 33.3

  • Suspension: An action by a DoD Component that temporarily withdraws Federal sponsorship under an award, pending corrective action by the recipient or pending a decision to terminate the award by the DoD Component. See 32 CFR 32.2
  • Synthetic exposure: means an exposure whose value is linked to the value of an investment in the Board-regulated institution's own capital instrument or to the value of an investment in the capital of an unconsolidated financial institution. See 12 CFR 217.2
  • Synthetic securitization: means a transaction in which:

    (1) All or a portion of the credit risk of one or more underlying exposures is retained or transferred to one or more third parties through the use of one or more credit derivatives or guarantees (other than a guarantee that transfers only the credit risk of an individual retail exposure). See 12 CFR 217.2

  • Systemic indicator: includes the following indicators included on the FR Y-15:

    (1) Total exposures. See 12 CFR 217.401

  • Termination: means permanent withdrawal of the authority to obligate previously-awarded grant funds before that authority would otherwise expire. See 32 CFR 33.3
  • Termination: means permanent withdrawal of the authority to obligate previously-awarded grant funds before that authority would otherwise expire. See 29 CFR 97.3
  • Termination: The cancellation of an award, in whole or in part, at any time prior to the date of completion. See 32 CFR 32.2
  • Test substance: means a substance or mixture administered or added to a test system in a study, which substance or mixture is used to develop data to meet the requirements of a TSCA section 4(a) test rule and/or is developed under a TSCA section 4 testing consent agreement or section 5 rule or order to the extent the agreement, rule or order references this part. See 40 CFR 792.3
  • Test system: means any animal, plant, microorganism, chemical or physical matrix, including but not limited to, soil or water, or components thereof, to which the test, control, or reference substance is administered or added for study. See 40 CFR 792.3
  • Testing facility: means a person who actually conducts a study, i. See 40 CFR 792.3
  • Third party in-kind contributions: The value of non-cash contributions provided by non-Federal third parties. See 32 CFR 34.2
  • Tort: A civil wrong or breach of a duty to another person, as outlined by law. A very common tort is negligent operation of a motor vehicle that results in property damage and personal injury in an automobile accident.
  • Total capital: means the sum of tier 1 capital and tier 2 capital. See 12 CFR 217.2
  • Total capital minority interest: means the total capital of a consolidated subsidiary of a Board-regulated institution that is not owned by the Board-regulated institution. See 12 CFR 217.2
  • Total exposures: means total exposures as reported by the bank holding company on the FR Y-15. See 12 CFR 217.401
  • Total wholesale and retail risk-weighted assets: means the sum of:

    (1) Risk-weighted assets for wholesale exposures that are not IMM exposures, cleared transactions, or default fund contributions to non-defaulted obligors and segments of non-defaulted retail exposures. See 12 CFR 217.101

  • Trading position: means a position that is held by the Board-regulated institution for the purpose of short-term resale or with the intent of benefiting from actual or expected short-term price movements, or to lock in arbitrage profits. See 12 CFR 217.202
  • Traditional securitization: means a transaction in which:

    (1) All or a portion of the credit risk of one or more underlying exposures is transferred to one or more third parties other than through the use of credit derivatives or guarantees. See 12 CFR 217.2

  • Tranche: means all securitization exposures associated with a securitization that have the same seniority level. See 12 CFR 217.2
  • Transcript: A written, word-for-word record of what was said, either in a proceeding such as a trial or during some other conversation, as in a transcript of a hearing or oral deposition.
  • Transfer: is a transaction to move a security, or a portion of a security, to or from a TreasuryDirect account. See 31 CFR 363.6
  • Trial: A hearing that takes place when the defendant pleads "not guilty" and witnesses are required to come to court to give evidence.
  • Trustee: A person or institution holding and administering property in trust.
  • TSCA: means the Toxic Substances Control Act (15 U. See 40 CFR 792.3
  • Two-way market: means a market where there are independent bona fide offers to buy and sell so that a price reasonably related to the last sales price or current bona fide competitive bid and offer quotations can be determined within one day and settled at that price within a relatively short time frame conforming to trade custom. See 12 CFR 217.2
  • Two-way market: means a market where there are independent bona fide offers to buy and sell so that a price reasonably related to the last sales price or current bona fide competitive bid and offer quotations can be determined within one day and settled at that price within a relatively short time frame conforming to trade custom. See 12 CFR 217.202
  • Unconditionally cancelable: means with respect to a commitment, that a Board-regulated institution may, at any time, with or without cause, refuse to extend credit under the commitment (to the extent permitted under applicable law). See 12 CFR 217.2
  • Underlying exposures: means one or more exposures that have been securitized in a securitization transaction. See 12 CFR 217.2
  • Underwritten transactions in debt and equity markets: means total underwriting activity as reported by the bank holding company on the FR Y-15. See 12 CFR 217.401
  • 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
  • Unit of measure: means the level (for example, organizational unit or operational loss event type) at which the Board-regulated institution's operational risk quantification system generates a separate distribution of potential operational losses. See 12 CFR 217.101
  • United States: The States and the District of Columbia. See 27 CFR 26.11
  • Unsecured wholesale funding: has the meaning set forth in 12 CFR 249. See 12 CFR 217.401
  • 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.
  • Variation margin: means financial collateral that is subject to a collateral agreement provided by one party to its counterparty to meet the performance of the first party's obligations under one or more transactions between the parties as a result of a change in value of such obligations since the last time such financial collateral was provided. See 12 CFR 217.2
  • Variation margin agreement: means an agreement to collect or post variation margin. See 12 CFR 217.2
  • Variation margin amount: means the fair value amount of the variation margin, as adjusted by the standard supervisory haircuts under §217. See 12 CFR 217.2
  • Variation margin threshold: means the amount of credit exposure of a Board-regulated institution to its counterparty that, if exceeded, would require the counterparty to post variation margin to the Board-regulated institution pursuant to the variation margin agreement. See 12 CFR 217.2
  • Vehicle: means any agent which facilitates the mixture, dispersion, or solubilization of a test substance with a carrier. See 40 CFR 792.3
  • Volatility derivative contract: means a derivative contract in which the payoff of the derivative contract explicitly depends on a measure of the volatility of an underlying risk factor to the derivative contract. See 12 CFR 217.2
  • Wholesale: (i) A Board-regulated institution's wholesale obligor is in default if:

    (A) The Board-regulated institution determines that the obligor is unlikely to pay its credit obligations to the Board-regulated institution in full, without recourse by the Board-regulated institution to actions such as realizing collateral (if held). See 12 CFR 217.101

  • Wholesale exposure: means a credit exposure to a company, natural person, sovereign, or governmental entity (other than a securitization exposure, retail exposure, pre-sold construction loan, or equity exposure). See 12 CFR 217.101
  • Wholesale exposure subcategory: means the HVCRE or non-HVCRE wholesale exposure subcategory. See 12 CFR 217.101
  • Wine: Still wine, vermouth, or other aperitif wine, imitation, substandard, or artificial wine, compounds designated as wine, flavored, rectified, or sweetened wine, champagne or sparkling wine, and artificially carbonated wine, containing not over 24 percent of alcohol by volume. See 27 CFR 26.11
  • Working capital advance: A procedure whereby funds are advanced to the recipient to cover its estimated disbursement needs for a given initial period. See 32 CFR 32.2
  • Wrong-way risk: means the risk that arises when an exposure to a particular counterparty is positively correlated with the probability of default of such counterparty itself. See 12 CFR 217.2
  • your: refers to an owner of a Series EE savings bond. See 31 CFR 351.3
  • Zero-percent certificate of indebtedness: is a one-day, non-interest-bearing security that automatically matures and is rolled over each day until you request that it be redeemed. See 31 CFR 363.6