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Office of Thrift Supervision
Office of Thrift Supervision A bureau of the U.S. Treasury Department established in August 1989. OTS has the authority to charter federal Thrift Institutions and serves as the primary regulator of approximately 2,000 federal and state chartered thrifts.
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Thrift
A financial institution established to promote "thrift" by accepting savings deposits, and to make home mortgage loans.
SIMILAR TERMS--------------------------------------
Office of Comptroller of the Currency
Known as OCC, it charters, regulates and supervises all national banks and it also supervises all federal branches and agencies of foreign banks.
Office property
Income-producing commercial property from which a particular service is rendered.
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Offer and acceptance
Two essential components of a valid contract; a "meeting of the minds."
Offer to purchase agreement
The agreement between a buyer and seller for a certain price and terms usually dependent on conditions being satisfied.
Offeree
The person to whom an offer is made - usually the owner.
Offeror
The party who makes an offer - usually the buyer.
Office of Comptroller of the Currency
Known as OCC, it charters, regulates and supervises all national banks and it also supervises all federal branches and agencies of foreign banks.
Office of Thrift Supervision
Office property
Income-producing commercial property from which a particular service is rendered.
Offsite improvements
Improvements made outside of a property's boundaries, such as sidewalks and streets.
Oil and gas lease
A grant of the sole and exclusive right to extract oil and-or gas from beneath the surface of land.
Ombudsman
The independent person responsible for investigating complaints made about member institutions.
One hundred percent commission plan
Some firms have adopted a 100 percent commission plan. Salespersons in these offices pay a monthly service charge to their brokers to cover the costs of office space, telephones and supervision in return for keeping 100 percent of the commissions from the sales they negotiate.
This dictionary contains 6433 terms. |
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