# 12 CFR § 615.5045: Definitions

> Federal · Regulations · In force

URL: https://www.frixlaw.com/law-library/statutes/ecfr-12-615.5045

## Section

- **Citation:** 12 CFR § 615.5045
- **Heading:** Definitions
- **Jurisdiction:** Federal
- **Kind:** Regulations
- **Status:** In force
- **Text as of:** September 22, 2026
- **Source:** Publisher's official text
- **Location:** Title 12—Banks and Banking > CHAPTER VI—FARM CREDIT ADMINISTRATION > SUBCHAPTER B—FARM CREDIT SYSTEM > PART 615—FUNDING AND FISCAL AFFAIRS, LOAN POLICIES AND OPERATIONS, AND FUNDING OPERATIONS > Subpart B—Collateral

## Text

(a) Cost means the actual amount paid for any asset.
(b) Market value means the price at which a willing seller would sell to a willing buyer, neither under any compulsion to buy or sell.
(c) Unpaid balance means total principal and accrued interest owed.
(d) Secured interbank loan means a loan from one Farm Credit System bank to another Farm Credit System bank, secured by assets of the borrowing Farm Credit System bank.

## Nearby sections

- [12 CFR § 615.5000 § 615.5000 General responsibilities.](https://www.frixlaw.com/law-library/statutes/ecfr-12-615.5000.md)
- [12 CFR § 615.5010 § 615.5010 Funding Corporation.](https://www.frixlaw.com/law-library/statutes/ecfr-12-615.5010.md)
- [12 CFR § 615.5030 § 615.5030 Borrowings from commercial banks.](https://www.frixlaw.com/law-library/statutes/ecfr-12-615.5030.md)
- [12 CFR § 615.5040 § 615.5040 Borrowings from financial institutions other than commercial banks.](https://www.frixlaw.com/law-library/statutes/ecfr-12-615.5040.md)
- [12 CFR § 615.5045 § 615.5045 Definitions.](https://www.frixlaw.com/law-library/statutes/ecfr-12-615.5045.md)
- [12 CFR § 615.5050 § 615.5050 Collateral requirements.](https://www.frixlaw.com/law-library/statutes/ecfr-12-615.5050.md)
- [12 CFR § 615.5060 § 615.5060 Special collateral requirement.](https://www.frixlaw.com/law-library/statutes/ecfr-12-615.5060.md)
- [12 CFR § 615.5090 § 615.5090 Reduction in carrying value of collateral.](https://www.frixlaw.com/law-library/statutes/ecfr-12-615.5090.md)
- [12 CFR § 615.5100 § 615.5100 Authority to issue.](https://www.frixlaw.com/law-library/statutes/ecfr-12-615.5100.md)
- [12 CFR § 615.5101 § 615.5101 Requirements for issuance.](https://www.frixlaw.com/law-library/statutes/ecfr-12-615.5101.md)
- [12 CFR § 615.5102 § 615.5102 Issuance of debt obligations through the Funding Corporation.](https://www.frixlaw.com/law-library/statutes/ecfr-12-615.5102.md)
- [12 CFR § 615.5105 § 615.5105 Consolidated Systemwide notes.](https://www.frixlaw.com/law-library/statutes/ecfr-12-615.5105.md)
- [12 CFR § 615.5110 § 615.5110 Authority to issue (other funding).](https://www.frixlaw.com/law-library/statutes/ecfr-12-615.5110.md)
- [12 CFR § 615.5120 § 615.5120 Purchase eligibility requirement.](https://www.frixlaw.com/law-library/statutes/ecfr-12-615.5120.md)

---

Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/ecfr-12-615.5045. Check the current official text before relying on it. Not legal advice.