Terms Used In 47 CFR Part 53 - Special Provisions Concerning Bell Operating Companies

• Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
• interLATA service: includes both interLATA telecommunications services and interLATA information services. See 47 CFR 53.3
• 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.
• own: means to own an equity interest (or the equivalent thereof) of more than 10 percent. See 47 CFR 53.3
• 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}