Resolution Funding Corp.
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Resolution Funding Corp. definition - finance
A government agency created by Congress in 1989
to fund the financial cleanup of failed savings and loans institutions. The
agency issues bonds, called REFCORPs, which are zero-coupon bonds that were
sold to private investors in order to reimburse the government for its costs of
paying depositors of the failed savings and loans. The Resolution Funding Corp.
worked in conjunction with the Resolution Trust Corp., which was the government
agency created to merge or close failed savings and loans from 1989 until 1992.
Webster's New World Finance and Investment Dictionary Copyright © 2003 by Wiley Publishing, Inc., Indianapolis, Indiana.
Used by arrangement with John Wiley & Sons, Inc.
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"Resolution Funding Corp.." Webster's New World Finance and Investment Dictionary. 2009
- Your Dictionary. 4 July 2009
- <www.yourdictionary.com/finance/resolution-funding-corp-abbv>
APA Style
Resolution Funding Corp.. (2009). In Webster's New World Finance and Investment Dictionary
- Retrieved July 4th, 2009, from www.yourdictionary.com/finance/resolution-funding-corp-abbv
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