PAC

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PAC (1)


PAC (2)

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.

PAC

References in periodicals archive ?
Users are able to support information technologies (IT) and process control technologies with the same people.
While RMR has seen the benefits of adding process control equipment to its shredding plants, Crouch says the technology is not for every scrap processor.
For low-volume applications, process control often is heavily dependent on operator training and skill, visual inspections and part-specific instructions and fixtures.
Process control in drawing, combing and speed frame operations
Editor's Note: The above-described method and other CGI process control technologies were detailed during a cast iron div.
LONG: Traditional process control did a great job of maintaining process variable targets, typically by segmenting the continuous, coupled process into a series of virtual batch operations.
Reliable in-line splice measurement enables automatic or manual process control and improves the quality of product delivered to downstream processes without affecting process cycle time.
You mean that statistical process control makes it easy to do things right?
Plasma deposition, spin-on processes, and other high throughput steps can now integrate the critically needed process control and excursion detection solutions with no throughput or reliability degradation.
JOHNSTON: Process control in water treatment is typically confined to chemical dosing.
A dispute over gravimetric blender controls was resolved recently when Process Control Corp.
The advent of statistical process control to the manufacturing industry in the U.

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