federal intermediate credit bank

One of a system of 12 regional banks created in 1923 to discount obligations of agricultural credit corporations and similar institutions making short-term loans to farmers and ranchers.

• The system is now merged with federal land banks to create the federal farm-credit system. [Cases: United States 53(7). C.J.S. United States §§ 90, 92–93.]

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词条贡献者

法律翻译Jian，毕业于新加坡知名法学院，专注翻译各类与证券诉讼有关的法律文件。