Agricultural Mortgage Corporation Ltd


Agricultural Mortgage Corporation Ltd
= AMC
A corporation established to grant loans to farmers against mortgages on their land by the Agricultural Credits Act (1928). The AMC offers loans for periods of 5 to 30 years. The capital of the corporation is supplied by the Bank of England, the commercial banks, and by the issue of state-guaranteed debentures. The corporation's loans are irrevocable except in cases of default and are usually made through the local branches of the commercial banking system.

Big dictionary of business and management. 2014.

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