Cambridge Dictionaries online Cambridge Dictionaries online

The most popular online dictionary and thesaurus for learners of English

English definition of “the Community Reinvestment Act”

the Community Reinvestment Act

noun [S]
 
 
GOVERNMENT, SOCIAL RESPONSIBILITY in the US, a law that encourages banks to lend money to all types of people in the communities they do business with, including those living in poorer areas: Laws such as the Community Reinvestment Act require banks to lend to applicants living in underprivileged areas.
(Definition of the Community Reinvestment Act from the Cambridge Business English Dictionary © Cambridge University Press)
What is the pronunciation of the Community Reinvestment Act?
Add Cambridge dictionaries to your browser to your website

Word of the Day

derivative

If something is derivative, it is not the result of new ideas, but has been developed from or copies something else.

Word of the Day

Lies, lies, lies!

by Kate Woodford,
February 25, 2015
​​​ According to sociologists (=people who study the relationships between people living in groups), we are good at lying. As a species, we have developed a remarkable ability to deceive each other (= persuade each other that something false is true). Being able to say things that are not true can help with

Read More 

snapchat verb

March 02, 2015
to send someone a message using the photomessaging application Snapchat We used to have a thing until he got a girlfriend. now

Read More