Foreign Sales Corporation (FSC)


 

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Foreign Sales Corporation (FSC)

A special type of corporation created by the Tax Reform Act of 1984 that is designed to provide a tax incentive for exporting U.S.-produced goods.



Foreign Sales Corporation (FSC)

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International Finance Corporation (IFC)

International Finance Corporation (IFC)

A corporation owned by the World Bank that produces a number of well-known stock indexes for emerging markets. Its major role is to provide financing for projects in less developed countries.


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A government agency chartered in 1987 to bail out the Federal Savings and Loan Insurance Corporation (FSLIC) by issuing bonds.


Foreign corporation

Foreign corporation

A corporation conducting business in another country from the one it is chartered in and that abides by the laws of another country. See: Alien corporation.


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In the US, a non profit organisation which provides insurance for cash and securities in customer accounts held by approved brokerage firms. Brokers and dealers registered with the Securities and Exchange Commission are obliged to be members of SIPC. In the event that such a firm fails, investors are covered up to a maximum of $500,000 of which no more than $100,000 can be cash.


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Articles of incorporation
Section 352 of the Income and Corporation Taxes Act 1988


 
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