Certificate of Participation - COP


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, releasing the municipality from restrictions on the amount of debt that they can incur.


Investment dictionary. . 2012.

Look at other dictionaries:

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  • 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


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