CFR > Title 49 > Subtitle A > Part 7 > Subpart D – Time Limits
Current as of: 2024 | Check for updates
|
Other versions
Terms Used In CFR > Title 49 > Subtitle A > Part 7 > Subpart D - Time Limits
- 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.
- 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