EDC

EDC
Economic Development Corporation (EDC)
A special type of corporation established by a community solely to act as a conduit. The EDC can, as a municipal entity, borrow funds or sell securities that are, in most cases, exempt from federal income tax. Consequently, the EDC can raise funds at lower interest rates than businesses. The lower-cost funds are used by the EDC to buy fixed assets that are then leased to the business. The lease rate reflects the EDC's low cost of capital. The EDC has no responsibility for the payment of interest and principal on the debt except to pass the business's rent payments through to the investors. American Banker Glossary
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See electronic data capture. Dresdner Kleinwort Wasserstein financial glossary

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EDC UK US noun [U] IT
► ELECTRONIC DATA CAPTURE(Cf. ↑electronic data capture)

Financial and business terms. 2012.

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Look at other dictionaries:

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  • EDC — ist die Abkürzung für: Education for Democratic Citizenship, Demokratie Lernen, Civic Education Eisenacher Deputierten Convent, burschenschaftlicher Dachverband des späten 19. Jahrhunderts Electric Daisy Carnival, ein Musikfestival in den… …   Deutsch Wikipedia

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  • EDC — European Defense Community. * * * abbrev 1. Ethylene dichloride 2. European Defence Community (until 1954, replaced by Western European Union) * * * EDC UK [ˌiː diː ˈsiː] US [ˌi di ˈsi] noun [uncountable] computing electronic data capture: the… …   Useful english dictionary

  • EDC — Cette page d’homonymie répertorie les différents sujets et articles partageant un même nom.   Sigles d’une seule lettre   Sigles de deux lettres > Sigles de trois lettres   Sigles de quatre lettres …   Wikipédia en Français

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  • EDC — estimated date of completion …   Military dictionary

  • EDC — European Defense Community. * * * …   Universalium

  • EDC — Estimated date of confinement, the estimated calendar date when the baby will be born. * * * Abbreviation for estimated date of confinement. See Nägele rule. * * * electronic data capture; emergency decontamination center; end diastolic count;… …   Medical dictionary

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