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Credit Foncier
(French). A company licensed to borrow money for city and other
improvements connected with estates. A board of guardians may form such
a company, and their security would be the parish rates. The money
borrowed is repaid by instalments with interest. The word foncier
means “landed,” as impôt foncier
(land-tax), bien foncier (landed property), and so on.
Source: Dictionary of Phrase and Fable, E. Cobham Brewer, 1894 More on Credit Foncier from Infoplease:
- Credit Foncier - Credit Foncier (French). A company licensed to borrow money for city and other improvements ...
- Dictionary of Phrase and Fable: C - Definitions, origins, and illustrative excerpts for words, phases, and literary allusions starting with "C"
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