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banks for cooperatives (coop)

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Financial Dictionary

Banks for Cooperatives (COOP)

Twelve regional, privately owned, government-sponsored banks that make loans to farm cooperatives. The loans are financed primarily by the sale of debt securities issued by the Federal Farm Credit Bank.

Wall Street Words: An A to Z Guide to Investment Terms by David L. Scott.
Copyright © 2003. Published by Houghton Mifflin.
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