Credit Unions: Credit unions are cooperative organizations whose members place money in savings accounts. In the past, credit unions made only short-term consumer and home improvement loans. Recently, however, they have branched out to originating longer-term first and second mortgages and deed of trust loans.

 

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Credit Unions: Credit unions are cooperative organizations whose members place money in savings accounts. In the past, credit unions made only short-term consumer and home improvement loans. Recently, howe . . . View Full Definition

Credit Union: Credit unions are financial cooperatives set up by employee and community associations, labor unions, church groups, and other organizations. They provide affordable financial services to me . . . View Full Definition

National Credit Union Administration (NCUA): The National Credit Union Administration (NCUA) is an independent federal agency that authorizes the establishment and oversees the administration of most federal- and state-chartered credit . . . View Full Definition

Foreign Tax Credit: A special type of corporation created by the Tax Reform Act of 1984 that is designed to provide a tax incentive for exporting U.S.-produced goods.

Foreign Credit Insurance Association (FCIA): An amendment to the Securities Exchange Act created to sanction bribery of foreign officials by publicly held U.S. companies.

Fictitious Credit: Nonconvertible paper money.

Five Cs Of Credit: Used in the context of general equities. Chronological listing of trades in a security showing the price, size, exchange, and time (to the second) of the trades; obtained by hitting '#M' on Quotron.

Full Faith And Credit: Federal and municipal governments can promise repayment of debt securities they issue because they can raise money through taxes, borrowing, and other sources of revenue. That power is descr . . . View Full Definition

Guaranteed Export Credit: A Commodity Credit Corporation guarantee of commercial export credit is available through several export credit guarantee programs.

High Credit: Valuable assets owned by a company, that are not accurately reflected in its stock price at a particular time.