EDGE CORPORATIONS

Edge corporations: translation

Specialized banking institutions, authorized and chartered by the Federal Reserve Board in the U.S., which are allowed to engage in transactions that have a foreign or international character. They are not subject to any restrictions on interstate banking. Foreign banks operating in the U.S. are permitted to organize and own and Edge corporation. The New York Times Financial Glossary

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Specialized banking institutions, authorized and chartered by the Federal Reserve Board of Governors in the U.S., that are allowed to engage in transactions of a foreign or international character. They are not subject to restrictions on interstate banking. foreign banks operating in the U.S. are permitted to organize and own an edge corporation. Bloomberg Financial Dictionary