Mortgage Information | Student Loans | Auto Loans
Mortgage and Loan Terms Glossary | Doc Loan Home
 
Free Loan Advice and Financial Information  
 
Browse by Letter
   
   
   
   
   
   
   
   
   
   
 

Loan and Mortgage Terms Glossary

Income Capital Certificate (Icc):

An instrument developed by the former federal savings and loan insurance corporation to provide assistance to troubled thrift institutions. Under the program, the thrift issued iccs to the fslic in return for cash or the fslic's promissory notes. The thrift was allowed to count outstanding iccs as part of its net worth (minimum required capital). As the institution regained financial health, the iccs were retired.


 
     
 
Contact | Advertising Information | Other Resources

Copyright 2002-2006 DocLoan.com