agency debentures meaning

• [Finance]
  Debt issued by a Federal Agency or a government-sponsored enterprise (GSE) for financing purposes. These types of debentures are not backed by collateral, but by the integrity and credit worthiness of the issuer. Officially, agency debentures issued by a Federal Agency, such as the Tennessee Valley Authority, are backed by the full faith and credit of the Untied States government. Agency debentures issued by a GSE are backed only by that GSE's ability to pay.

• agency:    Noun: agency  ...
• agent, agency | agent | agency | agency agent |:    [Law]AGENT - A per ...
• ad agency:    Noun: ad agencyAn ...

Examples

1. "The short average life bonds are an excellent alternative to agency debentures, " said Tom Glasser, who is the head of mortgage trading for Sandler & AMP; O'Neill & AMP; Partner LP in New York.