Financing in which an individual buys a share of the lease revenues of an agreement made by a municipal or governmental entity, rather than the bond being secured by those revenues. This form of financing can be used by the municipal or government entity to circumvent restrictions that might exist on the amount of debt they might be able to take on. As of now, the only agencies to issue or guarantee such certificates are Freddie Mac, Fannie Mae, Ginnie Mae and Sallie Mae.
Related information about participation certificate:
- Participation certificate - Wikipedia, the free encyclopedia
A participation certificate (PC) is a financial instrument of a form of financing used by municipal or government entities which allows an individual to buy a share ...
- Mortgage Participation Certificate Definition | Investopedia
A type of security that groups together Freddie Mac conventional mortgages. These certificates are guaranteed by Freddie Mac and are taxable by federal, state ...
- What is participation certificate? definition and meaning
Definition of participation certificate: Financing in which an individual buys a share of the lease revenues of an agreement made by a municipal or governmental ...
- Toastmasters International - Speech Contest Participation Certificate
Item: 510D For presentation to participants of club, area, division, district and regional contests.
- participation certificate - The Free Dictionary
(Electronics & Computer Science / Computer Science) personal computer. 2. ( Government, Politics & Diplomacy) Parish Council(lor). 3. (Military) Past ...
- mortgage participation certificate financial definition of mortgage ...
A pass-through security that represents ownership in a pool of conventional mortgages put together by Freddie Mac. Principal and interest on the certificates are ...
- Guinness World Records - Order Participation Certificate
Please enter the Claim ID and code for the event you wish to order the certificate. Claim ID: Code:
- What is mortgage participation certificate? definition and meaning
Definition of mortgage participation certificate: A security that indicates partial ownership within a pool of other partial owners of mortgages, which are owned ...