Off-balance sheet obligation

Off-balance sheet obligation means a binding agreement, contract, or similar arrangement that requires or may require future payment in money or kind by another party to an Enterprise, or that effectively guarantees all or part of such payment(s) to third parties (including commitments), where such agreement or contract is a source of credit risk that is not included on its balance sheet.

Source

12 CFR § 1750.2


Scoping language

For purposes of this subpart A, the following definitions shall apply:

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