GRANTEE Definition

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GRANTEE is the person or entity to whom property or assets are transferred.

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IMPAIRED ASSETS, in banking, applies to all problem assets which banks hold, and is not limited to problem loans. In addition to loans, it also captures off- balance sheet exposures and assets which have come onto banks balance sheets through enforcement of security conditions. See IMPAIRMENT OF VALUE.

O&M is an acronym for either Operations & Maintenance or Operations & Management.

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