What does AGENCY SECURITY mean?

AGENCY SECURITY meaning in Law Dictionary

in america, RECORDS or BONDS granted by governmentsponsored or governmentguaranteed institutions (age.g., FEDERAL NATIONWIDE MORTGAGE ASSOCIATION, GOVERNMENT NATIONWIDE MORTGAGE ASSOCIATION, FEDERAL HOME LOAN MORTGAGE CORPORATION). The securities carry specific or implicit federal government support about PRINCIPAL and interest repayments, and so carry the strongest CREDIT RATINGS. Agency securities, that are released with brief to longterm maturities and fixed or drifting coupons, tend to be exempt from SUBSCRIPTION requirements established by the SECURITIES AND EXCHANGE PAYMENT.

AGENCY SECURITY meaning in General Dictionary

a security granted by united states of america government agencies or the Farm Credit program