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.

Investopedia Says:
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.

Related Terms:
Lease
Revenue

• National Bureau of Economic Research (NBER)
• National Commodities And Derivatives Exchange (NCDEX)
• National Credit Union Administration (NCUA)
• National Credit Union Administration (NCUA)
• National Futures Association (NFA)
• National Futures Association (NFA)
• National Income Accounting
• National Market System (NMS)
• National Market System (NMS)
• National Registration Database (NRD)
• National Registration Database (NRD)
• National Securities Clearing Corporation (NSCC)
• National Securities Clearing Corporation (NSCC)
• National Securities Markets Improvement Act (NSMIA)
• National Securities Markets Improvement Act (NSMIA)
• National Stock Exchange Of India Limited (NSE)
• National Stock Exchange Of India Limited (NSE)
• National Treatment
• Natural Monopoly
• Natural Unemployment
• Natural Unemployment
• NAV Return
• Nearby Month
• Near Term (NT)
• Near Term (NT)