COP

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COP

The ISO 4217 currency code for Colombian Peso.

COP

1. ISO 4217 code for the Colombian peso. Instituted in 1837, it was pegged to the U.S. dollar for a time. Since 1955, however, the peso has floated. It has gradually deteriorated in value since.

2. Certificate of Participation. An investment in which the investor purchases the right to a share of a municipality's or government entity's lease revenues instead of a bond secured by those revenues. Government entities issue COPs to avoid limitations on debt legally placed upon them. This is roughly a government entity's equivalent to accounts receivable financing. In the United States, the organizations issuing or guaranteeing COPs are Ginnie Mae, Fannie Mae, Freddie Mac, and Sallie Mae. They are also called participation certificates or PCs. See also: Lease revenue bond.

COP

References in periodicals archive ?
In Hollyoaks, killer groom Calvin cops off with his dad's girlfriend.
Checks and balances that keep bad cops off the streets are important; nobody wants a bad cop as a partner.
Because our elected officials paved those avenues, barely set a speed limit, and took the cops off the beat.
Taking over from Singer, Koon found that his commands were ignored by the muscular, six-foot-one-inch, 250-pound King, who tossed two cops off his back and took two shots from an electronic stun gun, only to keep coming.
irresponsible and inflammatory" in promoting the album "Body Count" in which the song Cop Killer contains such lyrics as "I'm a Cop Killer -- Dust some cops off -- Die, Pig, Die.
She travels far away from her troubled past and hopes to throw the cops off her scent by alighting early in the quaint fishing community of Southport, North Carolina.