certificate of participation

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Participation Certificate

1. An alternative to a government or municipal bond in which an investor buys a share in the improvements or infrastructure the government entity intends to fund. This contrasts with a bond, in which the investor loans the government or municipality money in order to make these improvements. This is used primarily when the government or municipality has a charter-mandated debt ceiling. In the United States the only entities issuing or guaranteeing participation certificates are Freddie Mac, Fannie Mae, Ginnie Mae, and Sallie Mae.

2. See: International Depository Receipt (IDR).
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved

certificate of participation (COP)

Entitlement to a participation, or share in the lease payments from a particular project. The lessor generally assigns lease payments to a trustee that distributes the payments to certificate holders.
Wall Street Words: An A to Z Guide to Investment Terms for Today's Investor by David L. Scott. Copyright © 2003 by Houghton Mifflin Company. Published by Houghton Mifflin Company. All rights reserved. All rights reserved.
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At the end of the workshop, all the attendees were presented with a certificate of participation.
Prizes and trophies will be awarded to the top three participants, while all entrants will receive a certificate of participation.
Every pupil received a certificate of participation, with the winners and runners-up being presented with medals and trophies.
All of the swimmers received a certificate of participation.
All participants will receive a certificate of participation.

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