borrower stock
Defined in 1 place of the United States Code.
The term “borrower stock” means voting and nonvoting stock, equivalent contributions to a guaranty fund, participation certificates, allocated equities, and other similar equities that are subject to retirement under a revolving cycle issued by any System institution and held by any person other than any System institution.
Source
- 1994–present12 U.S.C. § 2162Banks and Banking · Protection of borrower stock · for purposes of this section