Printer Friendly
Dictionary, Encyclopedia and Thesaurus - The Free Dictionary
3,893,350,090 visitors served.
forum Join the Word of the Day Mailing List For webmasters
?
Dictionary/
thesaurus
Medical
dictionary
Legal
dictionary
Financial
dictionary
Acronyms
 
Idioms
Encyclopedia
Wikipedia
encyclopedia
?

Agreement Corporation

    0.01 sec.
Agreement corporation
Corporation chartered by a state to engage in international banking: so named because the corporation enters into an "agreement" with the Fed's Board of Governors that it will limit its activities to those permitted by an Edge Act Corporation.

Agreement Corporation
A corporation that has received a charter from a state to engage in international banking. Under the Agreement Corporation Act, agreement corporations are allowed to receive funds from national corporations and use them to engage in international banking. They are called "agreement" corporations because they agree to abide by the restrictions of the Agreement Corporation Act and the Edge Act, though many of those restrictions have since been relaxed.


Want to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit the webmaster's page for free fun content.
?Page tools
Printer friendly
Cite / link
Feedback
Add definition
Mentioned in?  References in periodicals archive?   Financial browser?   Full browser?
 
9 (1) Data are prorated averages of Wednesday values for domestically chartered commercial banks, branches and agencies of foreign banks, New York State investment companies (through September 1996), and Edge Act and agreement corporations.
Wells Fargo, the Fed added, "also proposes to acquire the agreement corporation and Edge Act subsidiaries and the foreign operations of Wachovia .
Wells Fargo, the Fed added, "also proposes to acquire the agreement corporation and Edge Act subsidiaries and the foreign operations of Wachovia .
 
 
 
Financial Dictionary
?

Terms of Use | Privacy policy | Feedback | Advertise with Us | Copyright © 2012 Farlex, Inc.
Disclaimer
All content on this website, including dictionary, thesaurus, literature, geography, and other reference data is for informational purposes only. This information should not be considered complete, up to date, and is not intended to be used in place of a visit, consultation, or advice of a legal, medical, or any other professional.