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PAC

   Also found in: Dictionary/thesaurus, Medical, Legal, Acronyms, Encyclopedia, Wikipedia, Hutchinson 0.01 sec.
PAC (1)

PAC (2)

PAC Bond
A collateralized mortgage obligation that seeks to protect investors from prepayment risk. PACs do this by setting a schedule of payments; if prepayments of the underlying mortgages exceed a certain rate, the life of the PAC is shortened. If they fall below a certain rate, the life of the tranche is extended. This helps protect investors in case the holders of the underlying mortgages do not pay off their mortgages as expected.

PAC


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CUNA's PAC gave Graves' campaign $1,500, and NAFCU's PAC gave $1,000.
The PAC on the advice of its chairman Chaudhry Nisar Ali Khan further directed all Ministries/Division/Departments to ensure submission of progress report on the implementation of PAC directives within the stipulated time of one month.
City of Detroit [ILLUSTRATION OMITTED] Mayor of Detroit The chamber PAC endorsed the current Mayor of the City of Detroit, Dave Bing, for re-election.
 
 
 
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