Public Securities Association - PSA
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Definition of 'Public Securities Association - PSA'
The predecessor association to the Bond Market Association, which represents the largest securities markets in the world, the bond markets. The Public Securities Association was incorporated in 1976, and underwent a name change to the Bond Market Association in 1997 to better reflect its broadened constituency and membership.
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Investopedia explains 'Public Securities Association - PSA'
The Bond Market Association represents a diverse mix of securities firms and banks, from large firms to niche specialists, with 70% of member firms having their headquarters outside of New York City. Its members collectively account for a significant majority of U.S. municipal bond underwriting and trading.
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Search results for 'Public Securities Association (PSA)'
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... Model The most commonly used prepayment rate assumption is the standard prepayment
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