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Financing Corporation

   Also found in: Acronyms 0.28 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).
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.
the default and involvency of every party to the transaction), the financing corporation would call on the limited partners to make contributions to the extent of their personal liability on the Petunia-Venture note.
 
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