Financial Institutions Reform, Recovery, And Enforcement Act (FIRREA)

Financial Institutions Reform, Recovery, And Enforcement Act (FIRREA),

What is The Definition of Financial Institutions Reform, Recovery, And Enforcement Act (FIRREA)?

  • In response to a series of inefficient savings and loans in the 1980s, the 1989 law provides a comprehensive regulatory and enforcement framework that sets high minimum capital requirements and strict standards for all savings banks. Has been determined. Among other provisions, the FIRA has imposed three levels of civil penalties that may be imposed on institutions and their directors and officers for breach of fidelity duties. The FIREA also empowers regulators to refuse to appoint directors or officers of troubled savings institutions and to dismiss or dismiss directors or officers found guilty of certain acts. The FIREA has also personally held the directors and executive officers of the savings banks responsible for the financial losses incurred in civic operations, which the supervisory authorities have blamed for gross negligence.

Literal Meanings of Financial Institutions Reform, Recovery, And Enforcement Act (FIRREA)


Meanings of Financial:
  1. Financial or financial status of an organization or individual.

  2. In terms of finances.

Sentences of Financial
  1. You need to be careful about your finances, especially cash flow.

  2. Independent financial advisor

Synonyms of Financial

business, banking, budgetary, investment, money, monetary, pecuniary, commercial, accounting, economic, fiscal


Meanings of Institutions:
  1. An organization formed for religious, educational, professional or social purposes.

  2. Established law or practice.

  3. The process of making something.

Sentences of Institutions
  1. An educational institution

  2. Marriage institution

  3. Delay in starting the process

Synonyms of Institutions

ritual, fact, induction, procedure, organization, fashion, use, tradition, practice, establishment, centre, introduction, habit, investiture, inauguration, swearing in, wont, instatement, initiation, usage, installation, foundation, phenomenon, convention


Meanings of Reform:
  1. Make a change (usually made up of something from a social, political or economic institution or process) to improve it.

  2. Hydrocarbons undergo a catalytic process that converts straight chain molecules into branches for use in gasoline.

  3. The process or process of reforming an institution or process.

  4. , Identifying or relating to corrective Judaism.

Sentences of Reform
  1. Opportunity to reform and restructure the old school model

  2. For example, hydrogen is produced by electrolysis or hydrocarbon modification, and both processes use a lot of electricity, most of which comes from fossil fuels.

  3. Divorce law reform

  4. A retired rabbi

Synonyms of Reform

better, improve, rehabilitate, improvement, ameliorate, rehabilitation, rectify, refine, rectification, mend, make better, correction, correct, amelioration, refinement, betterment


Meanings of Recovery:
  1. Return to normal health, mindset or strength.

  2. The process or process of recovering or controlling lost or stolen goods.

  3. The process of extracting or extracting industrial fuels or chemicals for the purpose of using, reusing or treating waste.

Sentences of Recovery
  1. Signs of recovery of real estate market

  2. A team of rehabilitation experts to help restore the family's assets

Synonyms of Recovery

healing, reclamation, recapture, convalescence, regaining, recuperation, retaking, process of getting better, rallying, recouping, retrieval, redemption, repossession, rehabilitation, getting back, return to health


Meanings of And:
  1. A boolean operator that returns only when all tasks are the same and otherwise zero.

  2. It is used to include words in the same part of a speech, clause or sentence that needs to be put together.

  3. Used to offer additional comments or interactions.

  4. It is used to indicate the intention after some verbs and before other verbs, "no"

Sentences of And
  1. If he had to make a decision, and it was the worst, he would turn his back on his parents.

Synonyms of And

added to, with, besides, as well as, and, coupled with, too, along with, not to mention, in addition to, together with, including, also


Meanings of Enforcement:
  1. Respect or comply with any action, law, principle or responsibility.

Sentences of Enforcement
  1. Strict compliance with environmental regulations

Synonyms of Enforcement

execution, implementation, prosecution, fulfilment, application, administering, carrying out, pursuance, discharge, imposition, administration


Meanings of Act:
  1. Do it, do something.

  2. Follow the prompts.

  3. Work has special effects.

  4. Play an imaginary role in the production of a drama, film or television.

  5. One thing acted.

  6. Excuse me

  7. A written order from Congress or another legislature affects legislation.

  8. The core of a play, ballet or opera.

  9. American College Test.

Sentences of Act
  1. Appeal to Washington to work

  2. They are following the person who is acting suspiciously

  3. Blood samples are tested to determine how the drug works in the body.

  4. He made his professional debut at the age of six.

  5. He plays a lot and laughs

  6. End of slavery

  7. The first action

Synonyms of Act

affect, feat, change, law, achievement, mandate, bill, fiat, commandment, command, alter, exert influence on, influence, operation, accomplishment, edict, statute, dictate, component, facade, false display, judgement, action, perform, have an effect on, be an actor, move, modify, show, proclamation