D'Oench doctrine

noun
\ ˈdench-\

Legal Definition of D'Oench doctrine

: a doctrine in banking law: a party (as a borrower or guarantor) cannot assert an unrecorded agreement with a failed bank against attempts by the federal insurer (as the Federal Deposit Insurance Corporation) or its assigns to collect on a promissory note (as a loan)

called also D'Oench Duhme doctrine

History and Etymology for D'Oench doctrine

from D'Oench, Duhme & Co., Inc. v. Federal Deposit Insurance Company, 315 U.S. 447 (1942), the Supreme Court case establishing the doctrine

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