participation certificate

(redirected from Certificates of Participation)

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

participation certificate

A certificate indicating ownership in a pool of assets, generally mortgages.
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.
References in periodicals archive ?
The participants of the course, comprising over a hundred teachers and instructors from the educational institutions and technical institutes of the Anjuman will be awarded certificates of participation at the conclusion of the course.
Tournament winners and outstanding players will be feted with various cash prizes, trophies, and medals, plus certificates of participation.
At the end of the programme, the participants were awarded with certificates of participation.
In the end, participants of the workshop were given certificates of participation. A large number of students from different departments of the KU attended the workshop.
During the closing ceremony, certificates of participation were distributed to the 25 journalists who participated in the three-day workshop.
Nabil Taha presented the certificates of participation to all the attendees.
These are as follows:--Issuer Default Rating (IDR) at 'A-'; --$944 million pension obligation bonds (POBs) series 1995A, 2003B, 2008, 2011A, 2011B and 2013 at 'BBB+'; and --$122 million certificates of participation (COPs), series 2006, 2007 and 2010 at 'BBB+'.
NNA - Caretaker Information Minister, Melhem Riachy, and Chairman of the "Go 4 Media" Company, Samer Bou Ezzedine, distributed Monday certificates of participation in the training courses organized by the Company in cooperation with the Ministry of Information.
First, second and third prizes were given to the winners of poster and declamation contests while Certificates of Participation were distributed among other students.
All players were awarded certificates of participation by the ABCD, the tournament's organizer.
Following a summary of the 2017-2018 cheer activities Coaches Marshall and Rust presented the annual cheer awards, beginning with certificates of participation and "C" letter awards to freshmen Melody Colonel, Lauren Soellner and Kennedy Herrell.

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