| Webster's Online Dictionary |
| Expressions | Definition | ||
| Federal Agricultural Mortgage Corporation | Farmer Mac or the Federal Agricultural Mortgage Corporationis a stockholder-owned, publicly-traded company that was chartered by the United States federal government in 1988 to serve as a secondary market in agricultural loans such as mortgages for agricultural real estate and rural housing. The company purchases loans from agricultural lenders, and sells instruments backed by those loans. The company also works with the United States Department of Agriculture. (references) | ||
Source: compiled by the editor from various references; see credits. | Top | ||
| Expressions | Domain | Definition | |
| Federal Agricultural Mortgage Corporation | Agriculture | An organization more commonly referred to as Farmer Mac, which is a secondary (resale) market for agricultural mortgages. Farmer Mac was authorized by the Agricultural Credit Act of 1987. (references) | |
Source: compiled by the editor from various references; see credits. | Top | ||
