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1. (n.) Freddie Mac
a congressionally chartered corporation that ensures a continuous supply of mortgage funds by purchasing home mortgages from lending institutions.
2. Freddie Mac
a publicly traded security that represents participation in a pool of mortgages guaranteed by Freddie Mac.
Etymology: (1970–75; from the initials FHLMC Federal Home Loan Mortgage Corporation, on the model of Fannie Mae)
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| Definition of 'freddie mac' |
Princeton's WordNet |
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1. (noun) Federal Home Loan Mortgage Corporation, Freddie Mac, FHLMC
a corporation authorized by Congress to provide a secondary market for residential mortgages
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Definitions of freddie mac 
