Financing Corporation (FICO)

Definition

Agency created by the United States federal government in 1987 to assist with the recovery of the Federal Savings and Loan Insurance Corporation after it became insolvent. The agency's main purpose was to manage the issuance of $8 billion in bailout bonds.

Related Terms

Browse Definitions by Letter: # A B C D E F G H I J K L M N O P Q R S T U V W X Y Z
FICO score credit repair