Public-domain · open source
OpenJurist

available collateral

Defined in 1 dictionary — U.S. Code

United States Code

12 U.S.C. § 2155 — in this section

For purposes of this paragraph, the term “available collateral” means the amount (determined at the close of the last calendar quarter ending before such call) by which a bank's collateral as described in section 2154 of this title exceeds the collateral required to support the bank's outstanding notes, bonds, debentures, and other similar obligations.