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Investing Glossary:
Edge corporations
Copyright 2010,
Campbell R. Harvey. All Rights Reserved.
Do not reproduce without explicit permission.
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| Term: |
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| Definition: |
| Specialized banking institutions, authorized and chartered by the Federal Reserve Board of Governors in the U.S., that are allowed to engage in transactions of a foreign or international character. They are not Subject to restrictions On interstate banking. Foreign banks operating in the US are permitted to organize and own an edge corporation.
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