Meaning PAC BOND: Stands for Planned Amortization Class bond. A tranche class offered by some CMOs that has a sinking fund schedule and an ability to make principal payments that are not subordinated to other classes
More terms such as PAC Bond in Dictionary P.
- Definition Privatization:
- Examples The transfer of government-owned or government-run companies to the private sector, usually by selling them pac bond definition.
- Definition Price-Book Ratio:
- Examples 039;s market value to the value of total assets less total liabilities (book value). Determined by dividing current stock price by common stockholder equity per share (book value), adjusted for stock pac bond explain.
- Definition Proxy Statement:
- Examples to provide shareholders with information necessary to vote in an informed manner on matters to be brought up at a stockholders' meeting. Includes information on closely held shares. Information pac bond what is.
- Definition Priced Out:
- Examples The market has already incorporated information, such as a low dividend, into the price of a stock pac bond meaning.
- Definition Positive Convexity:
- Examples option-free bonds that the price appreciation for a large downward change in interest rates will be greater (in absolute terms) than the price depreciation for the same downward change in interest pac bond abbreviation.
