Certificate of Participation - COP
Definition of 'Certificate of Participation - COP'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. |
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Investopedia explains 'Certificate of Participation - COP'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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