certificate of participation

Participation Certificate

1. An alternative to a government or municipal bond in which an investor buys a share in the improvements or infrastructure the government entity intends to fund. This contrasts with a bond, in which the investor loans the government or municipality money in order to make these improvements. This is used primarily when the government or municipality has a charter-mandated debt ceiling. In the United States the only entities issuing or guaranteeing participation certificates are Freddie Mac, Fannie Mae, Ginnie Mae, and Sallie Mae.

2. See: International Depository Receipt (IDR).

certificate of participation (COP)

Entitlement to a participation, or share in the lease payments from a particular project. The lessor generally assigns lease payments to a trustee that distributes the payments to certificate holders.

单词	certificate of participation
释义	DictionarySeecop certificate of participation certificate of participation A document given to a person who participates in the external quality assurance programmes for histopathologists in the UK. These certificates are used in appraisals, CPA inspections and CME/CPD. certificate of participation Participation Certificate 1. An alternative to a government or municipal bond in which an investor buys a share in the improvements or infrastructure the government entity intends to fund. This contrasts with a bond, in which the investor loans the government or municipality money in order to make these improvements. This is used primarily when the government or municipality has a charter-mandated debt ceiling. In the United States the only entities issuing or guaranteeing participation certificates are Freddie Mac, Fannie Mae, Ginnie Mae, and Sallie Mae. 2. See: International Depository Receipt (IDR). certificate of participation (COP) Entitlement to a participation, or share in the lease payments from a particular project. The lessor generally assigns lease payments to a trustee that distributes the payments to certificate holders. AcronymsSeeCOP
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