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 ?
Eric Rasmussen, EBRD Director for Natural Resources, said: We are pleased to support the responsible development of Merlon s operations with an ambitious target to eradicate gas flaring, while contributing to the economic development of the Fayum Governorate in general.
Merlon Technologies sits within the Bellstone Consultancy Group, offering technology solutions to mitigate risk in the aerospace, defence and security sector.
Packaging makers are no longer interested in producing the comparatively low-demand merlon jugs, Gibson said.
Merlon International will drill six wells in Fayoum region for an exploration cost of at least USD24 million and a signature bonus of USD3 million.
Merlon Carr, aged 27, of Tulliver Street, Radford, Coventry, three counts of failing to comply with a community order, order to continue with an extra three months' supervision.
OIL and gas exploration company Melrose Resources are set to buy their American partner Merlon Petroleum in a pounds 151.
National Systems League Cup Quarter-Final: Cambridgeshire County League 2 (Mick Finney, Merlon Bruges) County Comb 2 (Joe Doran, Paul Lamb) aet, Cambridgeshire win 4-3 on penalties.
Disks of T16-35-2 copolyester (PCTG 5445-Eastman Chemical Company), Merlon M-40 polycarbonate (Mobay) and various PCTG 5445/M40 PC blends were cut from 0.
Williamson served as a Director and Interim Chief Financial Officer of Merlon Petroleum Company, a Director and Chief Financial Officer of Seven Seas Petroleum, and a Director in the Energy Group of Credit Suisse.