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Crédit Mobilier: Meaning and Definition of

Créd•it Mo•bil•ier

Pronunciation: (kred'it mō-bēl'yur, mō-bēl-yā' Fr. krā-dē mô-bē-lyā'), [key]
— U.S. Hist. U.S. Hist.
  1. a joint-stock company organized in 1863 and reorganized in 1867 to build the Union Pacific Railroad. It was involved in a scandal in 1872 in which high government officials were accused of accepting bribes.
Random House Unabridged Dictionary, Copyright © 1997, by Random House, Inc., on Infoplease.
credit memorandum creditor
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