12 C.F.R. § 615.5045

Current through October 31, 2024
Section 615.5045 - Definitions
(a)Cost means the actual amount paid for any asset.
(b)Market value means the price at which a willing seller would sell to a willing buyer, neither under any compulsion to buy or sell.
(c)Unpaid balance means total principal and accrued interest owed.
(d)Secured interbank loan means a loan from one Farm Credit System bank to another Farm Credit System bank, secured by assets of the borrowing Farm Credit System bank.

12 C.F.R. §615.5045