For the purposes of Regulations 138 to 142 -
(a) a "partial property transfer" occurs where a resolution order transfers some but not all of the assets, rights or liabilities of an institution under resolution to another person or entity or, in the exercise of a resolution tool, from a bridge institution or asset management vehicle to another person or entity;
(b) a "modification of contracts" occurs where a resolution order, pursuant to Regulation 112 cancels or modifies the terms of a contract to which the institution under resolution is a party or substitutes a recipient as a party.