The following is an index to the OTS Glossary of Terms . To use just click on one of the letters below to view all of the terms that begin with that letter. Bonds and discount notes sold by the Office of Finance are the joint and several obligations of the 12 Federal Home Loan Banks.
Joint tenancy is a common form of ownership when two or more persons jointly open a savings account.
It is commonly used for disbursements from the petty cash account. When applied to personal property, it is known as an attachment. Borrowers sometimes use junior mortgages to obtain additional funds needed for downpayments or closing costs. Lenders tend to discourage junior financing because the borrower has little or no equity in the home. Also called a second mortgage.