Dictionary
Thesaurus
Encyclopedia
Translator
Web

edge act corporation

 - 2 dictionary results
Financial Dictionary

Edge Act Corporation

A federally-chartered U.S. corporation that is only allowed to engage in international banking or other financial transactions related to international business.

Investopedia Commentary

An Edge Act Corporation's purpose is to aid in financing and stimulating foreign trade.

Related Links

A Primer On The Forex Market
The Fundamentals Of Forex Fundamentals

See also: Bank, Corporation, Foreign, Forex - FX

Investopedia.com. Copyright © 1999-2005 - All rights reserved. Owned and Operated by Investopedia Inc.
Cite This Source
Financial Dictionary

Edge Act corporation

A corporation established under the 1919 Edge Act to undertake activities in international banking and investing. The Act gives U.S. firms more flexibility in competing effectively with foreign firms. Corporations established under the Edge Act are often organized in order to finance foreign trade or to own foreign securities.

Wall Street Words: An A to Z Guide to Investment Terms by David L. Scott.
Copyright © 2003. Published by Houghton Mifflin.
Cite This Source
Search another word or see edge act corporation on Thesaurus | Reference
FacebookTwitterFollow us: