Printer Friendly
Dictionary, Encyclopedia and Thesaurus - The Free Dictionary
3,591,876,190 visitors served.
forum Join the Word of the Day Mailing List For webmasters
?
Dictionary/
thesaurus
Medical
dictionary
Legal
dictionary
Financial
dictionary
Acronyms
 
Idioms
Encyclopedia
Wikipedia
encyclopedia
?

PAC
(redirected from political action committee)

   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


How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content.
?Page tools
Printer friendly
Cite / link
Feedback
Add definition
Mentioned in?  References in periodicals archive?   Financial browser?   Full browser?
 
Byline: ANI Washington, Nov 23 (ANI): The US-India Political Action Committee (USINPAC) has welcomed Prime Minister Manmohan Singh on his State Visit to the US.
That's why the political action committees of CUNA and NAFCU each gave money in September to the campaign coffers of both men.
Williamson WORCESTER - A former secretary at The Hanover Insurance Group has been barred from getting involved with political action committees after she acknowledged stealing $22,000 from two PAC accounts at the Worcester insurance company.
 
 
 
Financial Dictionary
?

Terms of Use | Privacy policy | Feedback | Copyright © 2012 Farlex, Inc.
Disclaimer
All content on this website, including dictionary, thesaurus, literature, geography, and other reference data is for informational purposes only. This information should not be considered complete, up to date, and is not intended to be used in place of a visit, consultation, or advice of a legal, medical, or any other professional.