PAC

(redirected from industrial controller)
Also found in: Dictionary, Thesaurus, Medical, Legal, Encyclopedia.

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 ?
The industrial controllers scheduled for release next spring were developed based on these policies.
Toshiba produces a wide range of control equipment, including industrial controllers, that offer high level reliability and safety.
Larger size handheld enclosures from SIMCO are suitable for housing industrial controllers, junction box applications and telecommunications.

Full browser ?