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English definition of “Freddie Mac”

Freddie Mac

noun uk   /fred.iˈmæk/ trademark us  
Federal Home Loan Mortgage Corporation: a US government organization that buys and sells loans (= money that has been borrowed) on the financial markets in order to raise more money to lend to home buyers
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(Definition of Freddie Mac from the Cambridge Advanced Learners Dictionary & Thesaurus © Cambridge University Press)
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