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 Performance Fund:
- Examples A growth-oriented mutual fund investing in growth stock and performance stock with low dividends and high risk pac bond definition.
- Definition Property Tax:
- Examples A tax levied on real property based on its use and its assessed value pac bond explain.
- Definition Pip:
- Examples Used for listed equity securities. Smallest unit of a currency (i.e., cents for U.S. dollars pac bond what is.
- Definition Preferred Equity Redemption Stock (PERC):
- Examples Preferred stock that converts automatically into equity at a stated date. A limit is placed on the value of the shares the investor receives pac bond meaning.
- Definition Production Payment Financing:
- Examples A method of nonrecourse asset-based financing in which a specified percentage of revenue realized from the sale of the project's output is used to pay debt service pac bond abbreviation.
