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Glossary   >   R   >   "Regulatory accounting procedures (RAP)" Definition            Regulatory accounting procedures (RAP) Accounting principals required by the F.H.L.B. that allow S&Ls to elect annually to defer gains and losses on the sale of assets and amortize these deferrals over the average life of the asset sold. Glossary    Dictionary Search (powered by Google) WWW ITLOCUS.COM GLOSSARY.ITLOCUS.COM Translate a web page (powered by Google)      to German Spanish French Italian Portuguese Japanese Korean Chinese

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Regulatory accounting procedures (RAP) - Accounting principals required by the F.H.L.B. that allow S&Ls to elect annually to defer gains and losses on the sale of assets and amortize these deferrals over the average life of the asset sold.