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PAC (1)

PAC (2)

Copyright © 2012, Campbell R. Harvey. All Rights Reserved.

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.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved


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 ?
Although primary immunodeficiencies (PIDs), which may be fatal in the childhood period, can be recognized early and appropriate treatment modalities can be applied, they can lead to chronic diseases later in life.
PID staff said records were moved to Directorate of Electronic Media and Publication and the Benevolent Fund Office a few days ago.
The general FNNcombined PID controller is composed of two parts: the PID/NN and the FNN, which are the front part and the latter part of the controller, respectively.
After one year of operation, the direction of the electric field for module 1 to module 8 is directed from the solar cells to the Al frame, while the direction of the electric field for module 9 to module 18 is reversed because of PID. This shows that the direction of the electric field of module 9 reverses after one year of operation.
AaAaAeAcAaAaAeA@1/4oeThough it was clear from day one that officers opened fir a civilian without justification and in contravention of the policeAaAaAeAcAaAaAeA@1/4Aa own open-fire regulations, it appears as if the PID is again whitewashing the most serious incidents.
The Simulink model of the conventional PID controller as shown in Figure 10 is used in both the position and current controllers, but their gain values [K.sub.p], [K.sub.i] and [K.sub.d] differ according to the position and current magnitude of the working ranges.
In the above math model switching device is controlled by the PID controller which gets the error signal from the feedback path consist of comparator.
A PID method is preferred to control a driven pendulum in [2].
The fuzzy PID controller of Brushless DC motor control system mainly focuses on its characteristics of nonlinear and strong coupling.
With the aim to demonstrate the versatility and applicability of our approach, we herein further expand our studies focusing on PID (Figure 1), the chemical precursor of DPIT.