Living will: Difference between revisions
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imported>Doug Williamson m (Category added 8/10/13) |
imported>Doug Williamson m (Improve wording of 2.) |
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A set of instructions which specifies what actions are to be taken if a person becomes unable to act due to illness or incapacity. | |||
''Also known as an advance decision.'' | ''Also known as an advance decision.'' | ||
[[Category:Regulation_and_Law]] | [[Category:Regulation_and_Law]] | ||
Revision as of 18:22, 8 October 2013
1.
A contingency plan of how a financial institution could be wound up in the event of a collapse.
A requirement of the US Dodd-Frank financial reform law for financial institutions with more than $250 billion in assets.
2.
A set of instructions which specifies what actions are to be taken if a person becomes unable to act due to illness or incapacity.
Also known as an advance decision.
