Participation Certificate

   These US certificates represent an interest in mortgage loans. The buyer receives the cash flows and is the owner, but the seller remains the mortgagee of record. In Switzerland, a participation certificate is a non-voting form of equity issued by Swiss companies.

Financial and business terms. 2012.

Look at other dictionaries:

  • Mortgage Participation Certificate — A type of security that groups together Freddie Mac conventional mortgages. These certificates are guaranteed by Freddie Mac and are taxable by federal, state and the local government. These certificates are also referred to as pass through… …   Investment dictionary

  • Strip mortgage participation certificate — strip PC Ownership interests in specified mortgages purchased by Freddie Mac from a single seller in exchange for separate instruments representing interests in the same mortgages. Bloomberg Financial Dictionary …   Financial and business terms

  • PC: широко используемое сокр. PARTICIPATION CERTIFICATE — сертификат участия, и на жаргоне брокеров PC plus commissions ( плюс комиссионные ) это комиссия брокера, которая добавляется к цене приобретения или вычитается из цены продажи ценных бумаг …   Финансово-инвестиционный толковый словарь

  • certificate of attendance — cerˌtificate of atˈtendance noun [countable] an official document that shows you have attended a course: • Delegates will receive a certificate of attendance on completion of the course. * * * certificate of attendance UK US noun [C] (plural… …   Financial and business terms

  • certificate of participation — ( COP) Undivided proportionate interests in the future lease payments made by the municipal lessees/issuers. Investors owning COPs own the right to receive a portion of the payments arising from the lease, but do not own debt of the lessee.… …   Financial and business terms

  • certificate — /sartifakat/ A written assurance, or official representation, that some act has or has not been done, or some event occurred, or some legal formality has been complied with. A written assurance made or issuing from some court, and designed as a… …   Black's law dictionary

  • certificate of participation — 1. : a certificate issued by some forms of investment trust evidencing a proportionate equitable interest of the holder in securities held by the issuing concern 2. : a certificate of membership in a pension plan issued by the trustee who holds… …   Useful english dictionary

  • Participation mortgage — A participation mortgage or participating mortgage is a mortgage, or sometimes a group of them, in which two or more persons have fractional equitable interests. In this arrangement the lender, or mortgagee, is entitled to share in the rental or… …   Wikipedia

  • Participation Mortgage — A participation mortgage is a type of mortgage that allows the lender to share in part of the income or resale proceeds. The lender participates in the income of the mortgaged property beyond a fixed return, or receives a yield on the loan in… …   Investment dictionary

  • Certificate of Participation - COP — A type of financing where an investor purchases a share of the lease revenues of a program rather than the bond being secured by those revenues. The authority usually uses the proceeds to construct a facility that is leased to the municipality,… …   Investment dictionary

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