What is the meaning of Direct Credit Substitute?

Direct Credit Substitute is the Federal Reserve Board's term for a credit enhancement, that is, a means of improving the credit quality of a loan or a bond.

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APABarry Goldsmith. (2010). Direct Credit Substitute. Retrieved September 21, 2026, from http://smartdefine.org/direct_credit_substitute/definitions/1152016
ChicagoBarry Goldsmith. 2010. "Direct Credit Substitute" http://smartdefine.org/direct_credit_substitute/definitions/1152016 (accessed September 21, 2026).
HarvardBarry Goldsmith 2010, Direct Credit Substitute, Smart Define, viewed 21 September, 2026, <http://smartdefine.org/direct_credit_substitute/definitions/1152016>.
MLABarry Goldsmith. "Direct Credit Substitute" 21 October 2010. Web. 21 September 2026. <http://smartdefine.org/direct_credit_substitute/definitions/1152016>