FT MarketWatch

Participation certificate

Financing in which an individual buys a Share of the Lease revenues of an agreement made by a municipal or governmental entity, rather than the bond being secured by those revenues. This form of Financing can be used by the municipal or government entity to circumvent restrictions that might exist on the amount of Debt they might be able to take on. As of NOW, the only agencies to issue or Guarantee such certificates are Freddie Mac, Fannie Mae, Ginnie Mae and Sallie Mae.

Related Terms: 17 Buy, Certificate, Debt, ECU, Fannie Mae, Financing, FICA, FIN, Ginnie Mae, Guarantee, Lease, Muni, NOW, SEC, Share, Sue, Sallie Mae
Other Related Pages: Category: Lending_and_Credit Starting With: P
Semi Related Terms: 650 CLICK HERE TO VIEW
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