Plc
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PLC
Project Loan Security
A mortgage-backed security issued by Ginnie Mae on mortgages for larger properties. As with all mortgage-backed securities, the coupons on guaranteed mortgage securities are paid out of the principal and interest on a pool of mortgages underlying the securities. Project loan securities are issued on mortgages on multi-family homes or large construction projects.
Public Limited Company
A primarily British term for a publicly-traded company. The term derives from the facts that the company issues shares that may be bought and sold by the general public and all shareholders have limited liability.