Glossary

POLICYHOLDER

A policyholder is the party that owns an insurance policy.

4 years ago

PENSION FUND

For TIC reporting purposes, a U.S. resident pension fund is a legal entity organized to provide retirement income benefits exclusively…

4 years ago

PAYING AGENT

An entity that is appointed by an issuer of securities, which makes payments of principal and interest on the issuer’s…

4 years ago

PARTICIPATIONS

A loan agreement whereby one bank contracts with other banks to participate in making a loan to a borrower. Each…

4 years ago

OWN FOREIGN OFFICES

Own foreign offices are foreign offices (banking and nonbanking) of the reporter, including any foreign office indirectly owned through a…

4 years ago

OVERDRAFT

An overdraft exists when a depository institution honors a check or draft drawn against a deposit account in which insufficient…

4 years ago

OPTIONS

Contracts that convey either a right or an obligation to buy or sell a financial instrument at a specified price…

4 years ago

NON-PROFIT INSTITUTIONS SERVING HOUSEHOLDS

Institutions that are mainly engaged in providing goods and services to households free of charge or at prices that are…

4 years ago

NON-FINANCIAL ORGANIZATION

Any organization that is principally engaged in producing goods or nonfinancial services. This sector excludes Federal, state, and local governments;…

4 years ago

NON-BANK FINANCIAL INSTITUTIONS (NBFI)

Businesses and institutions other than banks and other depository institutions, that are primarily engaged in proprietary investments and/or in the…

4 years ago