§ 5381 Definitions
§ 5382 Judicial review
§ 5383 Systemic risk determination
§ 5384 Orderly liquidation of covered financial companies
§ 5385 Orderly liquidation of covered brokers and dealers
§ 5386 Mandatory terms and conditions for all orderly liquidation actions
§ 5387 Directors not liable for acquiescing in appointment of receiver
§ 5388 Dismissal and exclusion of other actions
§ 5389 Rulemaking; non-conflicting law
§ 5390 Powers and duties of the Corporation
§ 5391 Inspector General reviews
§ 5392 Prohibition of circumvention and prevention of conflicts of interest
§ 5393 Ban on certain activities by senior executives and directors
§ 5394 Prohibition on taxpayer funding
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Terms Used In U.S. Code > Title 12 > Chapter 53 > Subchapter II - Orderly Liquidation Authority

  • Appellate: About appeals; an appellate court has the power to review the judgement of another lower court or tribunal.
  • Discovery: Lawyers' examination, before trial, of facts and documents in possession of the opponents to help the lawyers prepare for trial.
  • Docket: A log containing brief entries of court proceedings.
  • Entitlement: A Federal program or provision of law that requires payments to any person or unit of government that meets the eligibility criteria established by law. Entitlements constitute a binding obligation on the part of the Federal Government, and eligible recipients have legal recourse if the obligation is not fulfilled. Social Security and veterans' compensation and pensions are examples of entitlement programs.
  • 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.
  • 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
  • Fiduciary: A trustee, executor, or administrator.
  • 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
  • Mortgage loan: A loan made by a lender to a borrower for the financing of real property. Source: OCC
  • Probate: Proving a will
  • Public debt: Cumulative amounts borrowed by the Treasury Department or the Federal Financing Bank from the public or from another fund or account. The public debt does not include agency debt (amounts borrowed by other agencies of the Federal Government). The total public debt is subject to a statutory limit.
  • Real property: Land, and all immovable fixtures erected on, growing on, or affixed to the land.
  • Recess: A temporary interruption of the legislative business.
  • Remand: When an appellate court sends a case back to a lower court for further proceedings.
  • Restitution: The court-ordered payment of money by the defendant to the victim for damages caused by the criminal action.
  • Trustee: A person or institution holding and administering property in trust.