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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 ?
Beneficial effect of grape seed proanthocyanidin extract in rabbits with steroid-induced osteonecrosis via protecting against oxidative stress and apoptosis.
There are many previous reports that studied the effects of antioxidants such as anthocyanin and proanthocyanidin on productivity and health in monogastric animals [30] but a few in ruminant animals.
This probably resulted from the marked degradation of proanthocyanidins even when blanching was applied.
Cho et al., "Grape seed proanthocyanidin extract (GSPE) differentially regulates [Foxp3.sup.+] regulatory and [IL-17.sup.+] pathogenic T cell in autoimmune arthritis," Immunology Letters, vol.
Molecular mechanisms of cardioprotection by a novel grape seed proanthocyanidin extract.
Teeth in group A did not receive application of experimental primer whereas surface of teeth in group B received 60 seconds application of 6.5% proanthocyanidin primer (primer B).
The drug used in the current study is a nutritional supplement based on blueberry and red fruit rich in oligomeric proanthocyanidins (OPCs) [7].
King, "Effect of proanthocyanidin incorporation into dental adhesive resin on resin-dentine bond strength," Journal of Dentistry, vol.
Ten proanthocyanidins including catechin, epicatechin, gallocatechin, epigallocatechin, catechin (4[alpha] [right arrow] 8) catechin, gallocatechin (4[alpha] [right arrow] 8) gallocatechin, gallocatechin (4[alpha] [right arrow] 8) epigallocatechin, gallocatechin (4[alpha] [right arrow] 8) catechin, catechin (4[alpha] [right arrow] 8) gallocatechin, gallocatechin (4[alpha] [right arrow] 8 ) epicatechin have been identified from MGEB.
Determination of Proanthocyanidin Content: Determination of proanthocyanidin was carried out according to the method described by Amaeze et al.
Multiple laboratory studies have demonstrated in detail just how effective proanthocyanidins are at reducing bacterial stickiness.