Non-Corporate Credit is a catch-all term used to include types of
bonds that are forms of
credit, but not issued by private
corporations
A corporation is an organization—usually a group of people or a company—authorized by the state to act as a single entity (a legal entity recognized by private and public law "born out of statute"; a legal person in legal context) and r ...
-— and therefore cannot be considered
corporate debt. Non-Corporate Credit generally includes
sovereign debt,
regional government
Local government is a generic term for the lowest tiers of public administration within a particular sovereign state. This particular usage of the word government refers specifically to a level of administration that is both geographically-loca ...
s and
government agencies in a currency other than that of the issuer, and bonds issued by
supranational Supranational or supra-national may refer to:
* Supranational union, a type of multinational political union
* Supranational law, a form of international law
* Supranational legislature, a form of international legislature
* Supranational curre ...
entities.
Bonds (finance)
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