§ 615.5045 - Definitions.

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Cost means the actual amount paid for any asset.

Market value means the price at which a willing seller would sell to a willing buyer, neither under any compulsion to buy or sell.

Unpaid balance means total principal and accrued interest owed.

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.