Banks For Cooperatives

Business, Legal & Accounting Glossary

Definition: Banks For Cooperatives


Banks For Cooperatives


Full Definition of Banks For Cooperatives


Privately owned banks, sponsored by the federal government, that make loans to farmer-owned cooperatives and rural utilities. Banks for cooperatives were established by the Farm Credit Act 1933. Loans issued by the banks are financed by the sale of securities by the Federal Farm Credit Bank.


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Definition Sources


Definitions for Banks For Cooperatives 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.