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Federal Agency Securities are those securities issued by federally related institutions and those issued by Government-Sponsored Enterprises (GSE). Securities issued by GSEs can be classified into agency debentures and agency mortgage-backed/asset-backed securities. Unlike treasury securities, these securities are not backed by the full faith and credit of the US Government.
Debenture Debenture is a document holding an acknowledgment of indebtedness on the part of organizations, usually secured by a charge on the company's assets.
Operating Budget It is a collection or set of formal financial documents that details expected expenses and revenues, as like all other expected operating and financial transac
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