Certificate of Participation - COP
网友投稿• 2022-01-05 16:04:11 •阅读113
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.
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