Plc(redirected from PLCS)
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Related to PLCS: HMI, Programmable logic controller, SCADA
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.