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What Is the Primary Objective of the Financial Stability Oversight

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What is the primary objective of the Financial Stability Oversight Council?


Definitions:

Lender's Investment

The amount of money lent by a creditor to a borrower, expecting a return on the investment often through interest or profits.

Borrower

An individual or entity that receives funds from another party with the agreement to return the funds or pay them back later, usually with interest.

Forbearance

an agreement between a borrower and lender to temporarily postpone, reduce, or suspend payment due to financial hardship.

Workout Agreement

A formal contract between a debtor and his or her creditors in which the parties agree to negotiate a payment plan for the amount due on the loan instead of proceeding to foreclosure.

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