Federal

1. Constitutional law.

Relating to a country - for example the United States of America - formed as a federation.

The members of the federation, for example the individual states in the United States, have substantial independence in their internal affairs.

2. Central government.

In a federal system, relating to the central government.

See also

• Federal Corporate Income Tax
• Federal Home Loan Mortgage Corporation (FHLMC)
• Federal National Mortgage Association (FNMA)
• Federal Open Market Committee
• Federal Reserve
• Federal Reserve Bank
• Federal Reserve System
• Federal Trade Commission
• Internal Revenue Code (IRC)