Terms
The difference or spread between the market value of the securities used as collateral for the loan and the amount of the loan granted.
What is Margin?
This act places more restrictions on capital and on affiliate transactions in an attempt to make the banking system more stable.
What is Dodd-Frank Wall Street Reform and Consumer Protection Act?
The party who owes an obligation or a duty (such as to make a payment) under a contract is the.
What is the obligor?
Authorizing someone to perform an action on behalf of another person.
What is Delegation?
A system used by bank regulator agencies to evaluate bank safety and soundness.
What is CAMELS Rating System?
Resulted from the Enron corruption that occurred and the involvement of Arthur Anderson.
What is Sarbanes-Oxley?
The party to whom an obligation is owed, or who has the right to benefit from an obligation under a contract.
What is the obligee?
A valid consideration for a contract, other than a payment or other refraining from doing what one has a legal right to do, doing something one has a right not to do, or giving up something one has right to keep.
What is legal detriment?
The unexcused failure to perform an action promised in a contract.
What is Breach of contract?
Transactions between member banks and their affiliates.
What is Regulation W?
A contract where the terms of the agreement are fully and explicitly state when it is made.
A legal means to enforce a right or correct a wrong.
What is Remedy?
A statue that provides certain kinds of contracts are unenforceable unless they are in writing.
What is Statue of Frauds?
A Federal Reserve Board regulation designed to oversee loans involving securities as collateral and the purchase of securities on margin.
What is Regulation U?
A contract that can be assumed by the nature of the actions of the parties but is not shown by an explicitly stated agreement. The validity of the agree is inferred by law.
What is Implied contract?
An activity specifically excused from legal liability or penalty under certain circumstances.
What is Safe Harbor?
Establishes guidelines for polygraph testing and imposes restrictions on using polygraphs and lie detectors for most private employers.
What is Employee Polygraph Protection Act (EPPA)?
Covers loans made to executive officers, directors, principal shareholders, and related interests.
What is Regulation O?
A contract that may be avoided or declared void and thus made unenforceable.
What is Voidable contract?
A loan whose terms fall outside the regulatory guidelines for loans of that type.
What is Nonconforming loan?