Commercial & Finance

TARP meaning in oil and gas

Definition

Troubled Asset Relief Program

TARP means Troubled Asset Relief Program. A program of the United States government to purchase assets and equity from financial institutions to strengthen its financial sector, established October 3, 2008. The program…

A program of the United States government to purchase assets and equity from financial institutions to strengthen its financial sector, established October 3, 2008. The program was mainly created to address the subprime mortgage crisis.

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