Terms Used In 12 CFR Part 10 - Municipal Securities Dealers

• Contract: A legal written agreement that becomes binding when signed.
• Fraud: Intentional deception resulting in injury to another.
• 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}
• Oversight: Committee review of the activities of a Federal agency or program.