COP

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COP

The ISO 4217 currency code for Colombian Peso.

COP

1. ISO 4217 code for the Colombian peso. Instituted in 1837, it was pegged to the U.S. dollar for a time. Since 1955, however, the peso has floated. It has gradually deteriorated in value since.

2. Certificate of Participation. An investment in which the investor purchases the right to a share of a municipality's or government entity's lease revenues instead of a bond secured by those revenues. Government entities issue COPs to avoid limitations on debt legally placed upon them. This is roughly a government entity's equivalent to accounts receivable financing. In the United States, the organizations issuing or guaranteeing COPs are Ginnie Mae, Fannie Mae, Freddie Mac, and Sallie Mae. They are also called participation certificates or PCs. See also: Lease revenue bond.

COP

References in periodicals archive ?
We shouldn't take the nuclear cops off the beat before the world neighborhood is safe.
In their last summer together before university beckons, teenage losers Will, Jay, Neil and Simon fly to a boozy resort in Crete with big Neil cops off with every granny in sight, Simon attempts to get over being dumped, Jay gets eaten alive after passing-out drunk on an anthill and Will has an embarrassing skinny-dipping experience.
The event was policed by 189 officers and the First Minister said MSPs who were there should be "ashamed of themselves" for taking cops off the street.
Captured, he joins the KGB and ends up in Britain during the Cold War, hangs out with Red activist Bernard Hill (wasted in this turgid mess) and cops off with Michelle Gayle (no, really).
is looking at pulling cops off the streets, keeping the region's highest business taxes and cutting inadequate public services.
The bride cops off at her hen do, Status Quo scoff the buffet (rock cakes, anyone?