Certificate of Participation - COP
- Certificate of Participation - COP
- A type of financing where an investor purchases a share of the lease revenues of a program rather than the bond being secured by those revenues.
The authority usually uses the proceeds to construct a facility that is leased to the municipality, releasing the municipality from restrictions on the amount of debt that they can incur.
Investment dictionary.
Academic.
2012.
Look at other dictionaries:
certificate of participation — ( COP) Undivided proportionate interests in the future lease payments made by the municipal lessees/issuers. Investors owning COPs own the right to receive a portion of the payments arising from the lease, but do not own debt of the lessee.… … Financial and business terms
COP — certificate of participation (COP) Undivided proportionate interests in the future lease payments made by the municipal lessees/issuers. Investors owning COPs own the right to receive a portion of the payments arising from the lease, but do not… … Financial and business terms
COP — Colombian Peso (Regional » Currencies) Conference Of The Parties (Community » Law) *** Community Oriented Policing (Community » Law) *** Community Of Practice (Governmental » Military) ** Conference Of Parties (Community » Law) * Certificate of… … Abbreviations dictionary
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