Full Answer
Acronym Definition COPS Community Oriented Policing Services COPS Concerns of Police Survivors (support gr ... COPS College of Public Service (various schoo ... COPS Control of Power Systems (research group ... 44 more rows ...
A certificate of participation (COP) is 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. Certificates of participation are, therefore, secured by lease revenues. A certificate of participation (COP) can also be referred to as a participation certificate.
The COP contrasts with a bond, in which the investor loans the government or municipality money in order to make these improvements. A certificate of participation is a tax-exempt lease-financing agreement that is sold to investors as securities resembling bonds.
BREAKING DOWN 'Certificate of Participation - COP'. A lease-financing agreement is used by a municipality or local government to acquire real property. Under the agreement, the local government makes regular payments over the annually renewable contract for the acquisition and use of the property.
Get instant explanation for any acronym or abbreviation that hits you anywhere on the web!
Get instant explanation for any acronym or abbreviation that hits you anywhere on the web!
A certificate of participation (COP) can also be referred to as a participation certificate.
A certificate of participation (COP) is 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. Certificates of participation are secured by lease revenues.
In a COP program, a trustee is typically appointed to issue the securities that represent a percentage interest in the right to receive payments from the local government under the lease-purchase contract. Investors that participate in the program are given a certificate that entitles each investor to a share, or participation, ...
The COP contrasts with a bond, in which the investor loans the government or municipality money in order to make these improvements.
As opposed to bond participation, COPs pay investors via lease revenues as opposed to bond interest.