Eligible Debt.

Eligible Debt. The term eligible debt means unsecured debt with an initial maturity of more than 360 days that:
(1) Is not supported by any form of credit enhancement, including a guarantee or standby letter of credit; and
(2) Is not held in whole or in any significant part by any affiliate, officer, director, principal shareholder, or employee of the bank or any other person acting on behalf of or with funds from the bank or an affiliate of the bank.

Source

12 CFR § 208.77


Scoping language

The following definitions shall apply for purposes of this subpart:

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