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Community Reinvestment Act (CRA)

The financial definition for Community Reinvestment Act (CRA):

Enacted by Congress in 1977, the CRA encourages banks to help meet the credit needs of their communities for housing and other purposes, particularly in neighborhoods with low or moderate incomes, while maintaining safe and sound operations.




Similar Matches

Automatic reinvestment

Automatic reinvestment
See: Constant dollar plan.


Reinvestment

Reinvestment
Use of investment income to buy additional securities. Many mutual fund companies and investment services offer the automatic reinvestment of dividends and capital gains distributions as an option investors.


Reinvestment effect

Reinvestment effect
The impact of a change in interest rates on the reinvestment rate.


Further Suggestions

Reinvestment rate
Reinvestment risk


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Community Reinvestment Act (CRA)
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