federally sponsored corporate security(redirected from Federally-Sponsored Corporate Security)
Federally Sponsored Corporate Security
A debt obligation owed by a private company chartered by the U.S. government. While similar to an agency security, federally sponsored corporate securities are issued by a private company with an implicit guarantee from the federal government. Agencies that offer these securities include Fannie Mae and Freddie Mac. While these securities are not directly guaranteed by the U.S. government, they are considered fairly safe investments.
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federally sponsored corporate security
A security issued by a privately owned, government-sponsored firm such as Fannie Mae or the Federal Land Banks. These securities, primarily debt obligations, are not guaranteed by the U.S. government but are generally considered relatively safe. Compare federal agency security.
Wall Street Words: An A to Z Guide to Investment Terms for Today's Investor by David L. Scott. Copyright © 2003 by Houghton Mifflin Company. Published by Houghton Mifflin Company. All rights reserved. All rights reserved.