U.S. Agency for International Development - USAID

Dictionary Says

Definition of 'U.S. Agency for International Development - USAID'


An independent federal agency of the United States that provides aid to citizens of foreign countries. Types of aid provided by USAID include disaster relief, technical assistance, poverty alleviation and economic development. The agency creates country-specific programs that provide tailored solutions based on individual needs. USAID is under the guidance of the Secretary of State.

Investopedia Says

Investopedia explains 'U.S. Agency for International Development - USAID'


Prior to the creation of USAID in 1961, the U.S. government operated a number of agencies designed to provide non-military aid to foreign governments in the wake of the Marshall Plan. President John F. Kennedy signed an executive order creating the agency, which required aid to foreign governments to be spent on goods and services provided by U.S. organizations and companies.



comments powered by Disqus
Hot Definitions
  1. Earnings Call

    A conference call between the management of a public company, analysts, investors and the media to discuss the financial results during a given reporting period such as a quarter or a fiscal year.
  2. Legal Monopoly

    A company that is operating as a monopoly under a government mandate. A legal monopoly offers a specific product or service at a regulated price and can either be independently run and government regulated, or government run and regulated.
  3. Closed-End Fund

    A closed-end fund is a publicly traded investment company that raises a fixed amount of capital through an initial public offering (IPO). The fund is then structured, listed and traded like a stock on a stock exchange.
  4. Payday Loan

    A type of short-term borrowing where an individual borrows a small amount at a very high rate of interest. The borrower typically writes a post-dated personal check in the amount they wish to borrow plus a fee in exchange for cash.
  5. Securitization

    The process through which an issuer creates a financial instrument by combining other financial assets and then marketing different tiers of the repackaged instruments to investors.
  6. Economic Forecasting

    The process of attempting to predict the future condition of the economy. This involves the use of statistical models utilizing variables sometimes called indicators.
Trading Center