| Webster's Online Dictionary |
| Expressions | Definition | ||
| Edge Act Corporation | An Edge Act Corporation is a corporation chartered by the Federal Reserve of the United States to engage in international banking operations. The Federal Reserve Board acts upon applications by U.S. and foreign banking organizations to establish Edge corporations. The board also examines Edge corporations and their subsidiaries. (references) | ||
Source: compiled by the editor from various references; see credits. | Top | ||
| Expressions | Domain | Definition | |
| Edge Act corporation | Banking | Corporation chartered by the Federal Reserve to engage in international banking. The Board of Governors acts on applications to establish Edge Act corporations and also examines the corporations and their subsidiaries. Named after Senator Walter Edge of New Jersey, who sponsored the original legislation to permit formation of such organizations. See also agreement corporation. (references) | |
| Edge Act corporation | Finance | An organization chartered by the Federal Reserve to engage in international banking operations. The Federal Reserve Board acts upon applications by U. S.and foreign banking organizations to establish Edge corporations. The Board also examines Edge corporations and their subsidiaries. The Edge corporation gets its name from Senator Walter Edge of New Jersey, the sponsor of the original legislation to permit the formation of such organizations. (references) | |
Source: compiled by the editor from various references; see credits. | Top | ||
