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Financing Corporation

   Also found in: Dictionary/thesaurus, Acronyms 0.01 sec.
Financing Corporation (FICO)
A government agency chartered in 1987 to bail out the Federal Savings and Loan Insurance Corporation (FSLIC) by issuing bonds.

Financing Corporation
A bond-issuing entity established by the U.S. Congress in 1987 to recapitalize the Federal Savings and Loan Insurance Corporation. The bonds it issued were to be repaid with FSLIC insurance premiums and funds made available by the Federal Home Loan Bank System. The funds it raised were insufficient to prevent insolvency and the FSLIC was abolished in 1989.


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STORA ENSO, Helsinki, Finland has signed a loan agreement with International Financing Corporation (IFC).
It emerged that the allegedly fraudulent accounts were signed off by British accountancy firm Grant Thornton, which audited the 2002 books of Parmalat subsidiary Bonlat Financing Corporation.
By creating its own nonprofit financing corporation, which involves few expenses other than about $5,000 in start-up costs, the district can save those fees, officials said.
 
 
 
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