Dodd-Frank: Definitions

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Terms Defined within the Dodd-Frank Act

Title I:

  1. Financial Institution: 12 U.S.C. § 5462(5).

  2. Nonbank Financial Company: 12 U.S.C. § 5311(a)(4)(B).

  3. Bank Holding Company: 12 U.S.C. § 1841(a)(1).

Title II:

  1. Financial Institution: 12 U.S.C. § 5462(5).

  2. Bridge Financial Organization: 12 U.S.C. § 5381(a)(3).

  3. Broker: 15 U.S.C. § 78c(a)(4).

  4. Dealer: 15 U.S.C. § 78c(a)(5).

Title III:

  1. Savings Association: 12 U.S.C. § 1813(b).

  2. Non-interest Bearing Transaction Account: 12 C.F.R. § 370.2(h)

Title IV:

  1. Investment Adviser 15 U.S.C. § 80b-2(a)(11).

  2. Accredited Investor: 17 C.F.R. § 230.215.

  3. Investment Company: 15 U.S.C. § 80a-3.

  4. Venture Capital Fund: still waiting to be defined under 15 U.S.C. § 80a-3(l).

  5. Intrastate Adviser: 15 U.S.C. § 80a-3(b)(1).

Title V:

  1. Non-admitted Insurance: 15 U.S.C. § 8206(9).

  2. Nonbank Financial Company: 12 U.S.C. § 5311(a)(4)(B).

  3. Premium Tax: 15 U.S.C. § 8206(12).

  4. Reinsurance: 15 U.S.C. § 8206(14).

  5. State of Domicile: 15 U.S.C. § 8223(2).

  6. Surplus Lines Broker: 15 U.S.C. § 8206(15).

Title VI: 

  1. Bank Holding Company: 12 U.S.C. § 1841(a)(1).

  2. Savings and Loan Holding Company: 12 U.S.C. § 1467a(a)(1)(D).

  3. Proprietary Trading: 12 U.S.C. § 1851(b)(4).

  4. Depository Institution: 12 U.S.C. § 1813(c)(1).

  5. Financial Holding Company: 12 U.S.C. § 1841(p).

  6. Derivative Transaction: 12 U.S.C. § 84(b)(3)

  7. Repurchase Agreement/Reverse Repurchase Agreement: 12 U.S.C. § 5390(v)

  8. Banking Entity: 12 U.S.C. § 1851(h)(1)

  9. Nonbank Financial Company: 12 U.S.C. § 5311(a)(4)(B).

  10. Interest-Bearing Transaction Account:

Title VII:

  1. Eligible Contract Participant: 7 U.S.C. § 1a(18)

  2. Foreign Exchange Swap: 7 U.S.C. § 1a(25).

  3. Major Swap Participant: 7 U.S.C. § 1a(33).

  4. Swap: 7 U.S.C. § 1a(47).

  5. Security-Based Swap: 15 U.S.C. § 78c(a)(68).

  6. Swap Dealer: 7 U.S.C. § 1a(49).

  7. Security-Based Swap Dealer: 7 U.S.C. § 1a(43).

  8. Major Security-Based Swap Participant: 7 U.S.C. § 1a(32).

  9. Security-Based Swap Agreement: 15 U.S.C. § 78c(a)(78)

  10. Designated Contract Market: 7 U.S.C. § 7(d).

  11. Swap Data Repository: 7 U.S.C. § 1a(48).

  12. Security-Based Swap Data Repository: 15 U.S.C. § 78c(a)(75)

Title VIII:

  1. Financial Market Utility: 12 U.S.C. § 5462(6).

  2. Security-Based Swap: 15 U.S.C. § 78c(a)(68).

  3. Financial Institution: 12 U.S.C. § 5462(5).

Title IX:

  1. Federal banking agency: 15 U.S.C. § 5301(10).

  2. Originator: 15 U.S.C. § 78o-11(a)(4).

  3. Qualified Residential Mortgage: 15 U.S.C. § 78o-11(e)(4)(B).

  4. Securitizer: 15 U.S.C. § 78o-11(a)(3).

Title X:

  1. Covered Persons/Non-depository Covered Persons: waiting to be defined under 12 U.S.C. § 5514(a)(2).

  2. Visitorial Authority/Powers: 12 C.F.R. § 7.4000.

  3. Federal Consumer Financial Laws: 12 U.S.C. § 5481(14)

Title XI:

  1. Credit facility: 31 U.S.C. § 714(f)(1)(A)

  2. Financial Institution: 12 U.S.C. § 5462(5)

  3. Insured Depository Institution: means any insured depository institution (as that term is defined in 12 U.S.C. § 1813(c)(2)) and any insured credit union (as that term is defined in 12 U.S.C. 1752).

  4. Insured Depository Institution Holding Company: 12 U.S.C. § 1813(w)(1)

Title XIV:
Title XVI:

  1. Swap: 7 U.S.C. § 1a(47)

Terms Needing Plain Language Definitions

Title I:

  1. Contingent Capital

  2. Off Balance-Sheet Expenses

  3. Short-term Debt

  4. Credit Exposure

  5. Liquidity

  6. Parent Company

  7. Systemic Risk

Title II:

  1. Credit Exposure

  2. Investment Bank

  3. Counterparty

  4. Systemic Risk

Title III:

  1. Risk-based System

  2. Procyclical

  3. Dual Banking System (state and federal)

Title IV:

  1. Systemic Risk

  2. Counterparty

  3. Credit Exposure

Title V:

  1. Supervisory Authority (of an agency): [in this context, the authority to monitor, inspect, and examine agency’s health and compliance with laws]

  2. Surplus Lines Insurance

  3. NAIC-accreditation: in the terms of the insurance industry, accreditation is a certification given to a state insurance department once it has demonstrated it has met and continues to meet an assortment of legal, financial and organizational standards as determined by a committee of its.  NAIC provides a list of accredited states.

Title VI:

  1. Capital Requirements

  2. Countercyclical

  3. Securities Lending Transaction

  4. Securities Borrowing Transaction

  5. Interest-Bearing Transaction Account

  6. Demand Deposit

Title VII:

  1. Foreign Exchange Future

  2. Clearinghouse

Title VIII:

  1. Systemic Risk

Title XIV:

  1. Debt Acceleration

  2. Mortgage Prepayment Fee

  3. Mortgage Point

  4. Impound Account

Title XV:

  1. Core Deposit

  2. Brokered Deposit

Title XVI:

  1. Interest Rate Swap

  2. Credit Default Swap

  3. Interest Rate Cap

  4. Interest Rate Floor

  5. Commodity Swap

  6. Equity Swap

  7. Equity Index Swap

  8. Securities Futures Contract

  9. Option on Securities Futures Contract

  10. Currency Swap

  11. Basis Swap

​[Last updated in October of 2022 by the Wex Definitions Team]