Ore, Oreo
Barron's Business Dictionary:
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Ore, Oreo
Abbreviations for other real estate; other real estate owned. Generally, foreclosed property held by lending institutions.
Shown in an account of a bank or savings and loan association that includes property other than real estate used for bank operations.
Shown in an account of a bank or savings and loan association that includes property other than real estate used for bank operations.
| Ordinaryannuity, Ordinary and Necessary Business Expenses, Ordinary Loss | |
| Organization, Organization Cost, Organization Development |
Barron's Real Estate Dictionary:
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Ore, Oreo
Other real estate, other real estate owned. Generally, foreclosed property held by lending institutions. An account at banks or savings and loan associations that includes property other than real estate used for bank operations. Same as REAL ESTATE OWNED (REO).
Example: The office of thrift supervision (ots) monitors real estate loans at lending institutions and places foreclosed real estate on the ORE list. When ORE exceeds 2% of an institution’s assets, the OTS takes steps to reduce losses and safeguard the institution.
Example: The office of thrift supervision (ots) monitors real estate loans at lending institutions and places foreclosed real estate on the ORE list. When ORE exceeds 2% of an institution’s assets, the OTS takes steps to reduce losses and safeguard the institution.
| Ordinaryand Necessary Business Expenses, Ordinary Loss | |
| Orientation, Oriented Strand Board (OSB) |
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Barron's Business Dictionary
Dictionary of Business Terms. Copyright © 2007 by Barron's Educational Series, Inc. All rights reserved.
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