Resolution Funding Corporation (refcorp) Definition

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Definition Of Resolution Funding Corporation (refcorp):

Resolution Funding Corporation (REFCORP) The federal agency responsible for issuing up to $40 billion of long-term debt required to finance activities of the Resolution Trust Corporation, a group that closed and merged insolvent thrift institutions during the late 1980s and early 1990s.
The principal of REFCORP debt is backed by zero-coupon Treasury bonds.

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