Credit mobilier

created by Webster 1913
(definition) by Webster 1913 (print) Tue Dec 21 1999 at 22:47:52

Cre`dit" mo`bi`lier" (m?`b?`ly?"). [F. crdit credit & mobilier personal, pertaining to personal property.]

A joint stock company, formed for general banking business, or for the construction of public works, by means of loans on personal estate, after the manner of the cr'edit foncier on real estate. In practice, however, this distinction has not been strictly observed.

 

© Webster 1913.

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