Loose Credit

Business / Taxes / Loose Credit: In order to combat a sluggish economy, the Open Market Committee of the Federal Reserve (the Fed) may institute a loose credit policy. In that case, the Federal Reserve Bank of New York buys large quantities of Treasury securities in the open market, which gives banks additional money to lend at lower interest rates. This abundance, or looseness, of credit is intended to stimulate borrowing and invigorate the economy. Tight money is the opposite of loose credit. It's the result of the Fed's decision to sell securities in the open market, which reduces bank reserves and makes borrowing more expensive. A tight money policy is designed to slow down a rapidly accelerating economy.

Other Words for Credit

Credit Verb Synonyms: ascribe, acknowledge, attribute, assign, impute
Credit Noun Synonyms: belief, faith, trust, credence
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Other Words for Loose

Loose Adverb Synonyms: let go, (set) free, release, let or set or turn loose, liberate, deliver
Loose Verb Synonyms: unattached, unconnected, disconnected, detached, free, unsecured, unfastened, movable
Loose Adjective Synonyms: unconfining, free-flowing, flowing, baggy, slack, hanging
Loose Noun Synonyms: unconfined, untied, unfettered, released, freed, unshackled, unchained, free, at liberty, at large, on the loose, untrammelled
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GSM-102 Intermediate-Term Export Credit Guarantee Program.

Business / Agriculture / GSM-102 Intermediate-Term Export Credit Guarantee Program.: An Export Credit Guarantee Program that covers credit terms up to 3 years. The program underwrites credit extended by the private banking sector to approved foreign banks using dollar-denominated, irr MORE

GSM-103 Short-Term Export Credit Guarantee Program

Business / Agriculture / GSM-103 Short-Term Export Credit Guarantee Program: An Export Credit Guarantee Program that covers credit terms up to 10 years. The program underwrites credit extended by the private banking sector to approved foreign banks using dollar-denominated, ir MORE

Full Faith-And-Credit Obligations

Business / Finance / Full Faith-And-Credit Obligations: Describes exchange and government regulations providing for the release and free exchange of all information pertinent to a given security. MORE

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