government sponsored enterprise (GSE)

Definition

Created by the United States Congress, a privately held corporation in the financial sector. These corporations were created for the purpose of helping reduce the cost of credit to certain groups of people. GSEs include the Federal National Mortgage Association (Fannie Mae) and the Federal Home Loan Bank System. Sallie Mae was originally created as a GSE as well, however the company later switched to become a private institution.

Use this term in a sentence

If you are going to be doing any business with a government sponsored enterprise you will need to bring your a game.

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The government sponsored enterprise was created by the United states congress and I was not very happy with it at all.

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You should try to make sure that you know how to proceed when you are dealing with any government sponsored enterprise.

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