Private Export Funding Corporation (PEFCO)

Definition:

Company that mobilizes private capital for financing the export of big-ticket items by US firms by purchasing at fixed interest rates the medium- to long-term debt obligations of importers of US products.

Investing Essentials


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

Term of the Day

Troubled assets

In context of the Troubled Asset Relief Program, the term 'troubled asset' is defined as: (A) Mortgages, mortgage backed securities, and instruments derived from these that were originated on or... Read More

Subscribe to the Term of the Day via email Get the Term of the Day in your inbox!


Create your free portfolio