Federal Housing Finance Board (FHFB)

Definition:

US government agency chartered in 1989 to assume the responsibilities formerly held by the Federal Home Loan Bank system.

Investing Essentials


Copyright © 2011 Campbell R. Harvey, Professor of Finance, Fuqua School of Business at Duke University

Term of the Day

Liquid

In context of securities, easily traded or converted to cash. In context of a corporation, the state of having enough cash and cash equivalents to cover short-term obligations.

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