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English definition of “Freddie Mac”

Freddie Mac

noun     /fred.iˈmæk/ trademark
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 → Compare Fannie Mae
(Definition of Freddie Mac noun from the Cambridge Advanced Learner's Dictionary & Thesaurus © Cambridge University Press)
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