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单词 property income certificate
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property income certificate
property income certificate n. Stock Market (now historical) an investment unit entitling the holder to a share in the rental income of a property development; abbreviated PINC.
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society > trade and finance > stocks and shares > stocks, shares, or bonds > [noun] > certificates
trust certificate1720
scrip?1734
script1768
savings certificate1842
stock certificate1863
PINC1986
property income certificate1986
1986 Estates Gaz. 3 May 278/2 The unit to be held by investors and traded in the new market will be known as a Property Income Certificate.
1997 Irish Times (Nexis) 1 Oct. 29 Pincs—property income certificates—were a two-part security traded as one on the London Stock Exchange. One element was debt-like, entitling the holder to a portion of the rental stream from a property pool. The other element was equity, reflecting the properties' capital value.
extracted from propertyn.
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更新时间:2024/12/23 3:36:09