Participation Certificates (PC): Used in the context of general equities. Investments representing an interest in a pool of funds or in other instruments, such as foreign securities, that allow participation in the rise or fall of a security or group of securities.

 

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Participation Certificates (PC): Used in the context of general equities. Investments representing an interest in a pool of funds or in other instruments, such as foreign securities, that allow participation in the rise or . . . View Full Definition

Participation Certificates: Certificates issued by Freddie Mac backed by pools of mortgages.

Guaranteed Mortgage Certificates (GMC): A pure investment product in which a life company agrees, for a single premium, to pay at a maturity date the principal amount of a predetermined annual crediting (interest) rate over the li . . . View Full Definition

Participation Financing: Where a lender becomes a partner in a development.

Participation Loan: A large loan made by a group of lenders, that enables a borrower to obtain financing above the legal lending limit of an individual lender.

Strip Mortgage Participation Certificate (Strip PC): Variant of a straddle. A strip is two puts and one call on a stock. A strap is two calls and one put on a stock. The puts and calls have the same strike price and expiration date. See: Strap.

Participation Mortgage: A mortgage loan wherein the lender has a partial equity interest in the property or receives a portion of the income from the property.

Grading Certificates: A formal document setting forth the quality of a commodity as determined by authorized inspectors or graders.

Generic Certificates: Commodity certificates used by the CCC in the 1980s to meet payment obligations and simultaneously dispose of commodity inventories.

Certificates Of Automobile Receivables (CAR): Pass-through securities backed by credit card receivables.