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Certificate of Participation - COP
What does it mean?
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.
In Other Words...
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.
Related Links
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Related Terms
Lease | Revenue
1 |
A | B |
C | D |
E | F |
G | H |
I | J |
K | L |
M | N |
O | P |
Q | R |
S | T |
U | V |
W | X |
Y | Z
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