Legal isolation definition
Legal isolation under the FDIC rules means “that transferred financial
Examples of Legal isolation in a sentence
The transactions contemplated by the Basic Documents result in a transfer which meets all conditions for sale accounting treatment under generally accepted accounting principles, other than the "Legal isolation" condition described in 12 C.F.R.Section.360.6.
The transactions contemplated by the Basic Documents result in a transfer which meets all conditions for sale accounting treatment under generally accepted accounting principles, other than the "Legal isolation" condition described in 12 C.F.R. Section 360.6.