20:35 Jun 19, 2005 |
English language (monolingual) [PRO] Bus/Financial - Finance (general) / ..have been hived off into a resolution trust... | ||||
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| Selected response from: Christian Local time: 13:24 | |||
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SUMMARY OF ALL EXPLANATIONS PROVIDED | ||||
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3 | resolution trust *corporation* (RTC) |
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resolution trust *corporation* (RTC) Explanation: RESOLUTION TRUST CORPORATION -- RTC "The federal regulatory agency created to liquidate and sell savings and loans across the nation which are defunct as a result of poor lending practices, unstable markets, faulty appraisals and massive speculation within the real estate industry." Reference: http://www.fidelityhouston.com/Dictionary/dic_r.htm |
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