Agency debt, also known as an Agency bond or Agency Security, is a
security
Security is protection from, or resilience against, potential harm (or other unwanted coercive change) caused by others, by restraining the freedom of others to act. Beneficiaries (technically referents) of security may be of persons and social ...
, usually a
bond
Bond or bonds may refer to:
Common meanings
* Bond (finance), a type of debt security
* Bail bond, a commercial third-party guarantor of surety bonds in the United States
* Chemical bond, the attraction of atoms, ions or molecules to form chemical ...
, issued by a United States
government-sponsored agency or federal budget agency. The offerings of these agencies are backed but not guaranteed by the US
government. Some prominent issuers of these securities are the
Federal Home Loan Banks (FHLBanks),
Federal National Mortgage Association (
Fannie Mae) and
Federal Home Loan Mortgage Corporation (Freddie Mac).
See also
Mortgage-backed security
References
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Securities (finance)
Bonds (finance)