Agency Bond

Business, Legal & Accounting Glossary

Definition: Agency Bond


Agency Bond


Full Definition of Agency Bond


A bond, issued by a U.S. government-sponsored agency. The offerings of these agencies are backed by the U.S. government, but not guaranteed by the government since the agencies are private entities. Such agencies have been set up in order to allow certain groups of people to access low cost financing, especially students and first-time home buyers. Some prominent issuers of agency bonds are Student Loan Marketing Association (Sallie Mae), Federal National Mortgage Association (Fannie Mae) and Federal Home Loan Mortgage Corporation (Freddie Mac). Agency bonds are usually exempt from state and local taxes, but not federal tax.


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December 07, 2021 https://payrollheaven.com/define/agency-bond/.
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Agency Bond. PayrollHeaven.com. Payroll & Accounting Heaven Ltd.
https://payrollheaven.com/define/agency-bond/ (accessed: December 07, 2021).
American Psychological Association (APA):
Agency Bond. PayrollHeaven.com. Retrieved December 07, 2021
, from PayrollHeaven.com website: https://payrollheaven.com/define/agency-bond/

Definition Sources


Definitions for Agency Bond are sourced/syndicated and enhanced from:

  • A Dictionary of Economics (Oxford Quick Reference)
  • Oxford Dictionary Of Accounting
  • Oxford Dictionary Of Business & Management

This glossary post was last updated: 20th November, 2021 | 0 Views.