government agency issuing marketable securities backed by the full faith and credit guarantee of the government. The term is normally used in connection with notes, certificates, and bonds issued by U.S. government agencies, such as the Export-Import Bank, the Government National Mortgage Association, or the Small Business Administration, but can refer more generally to any government agency.
federal agency whose obligations, while not direct obligations of the U.S. government, are sponsored or guaranteed by the government and backed by the full faith and credit of the government. Well over 100 series of notes, certificates, and bonds have been issued by such instrumentalities as Federal Intermediate Credit Banks, Federal Land Banks, Federal Home Loan Bank Board, and Student Loan Marketing Association.
federal agency whose obligations, while not direct obligations of the U.S. Government, are sponsored or guaranteed by the government and backed by the full faith and credit of the government. Well over 100 series of notes, certificates, and bonds have been issued by such instrumentalities as Federal Home Loan Bank, and Student Loan Marketing Association.
