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Crédit Fonoier (French)

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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.

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Entry taken from Dictionary of Phrase and Fable, edited by the Rev. E. Cobham Brewer, LL.D. and revised in 1895.

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