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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.


References in periodicals archive ?
Groups that support or oppose candidates or ballot measures must register as a political action committee within three days of receiving or spending money.
CULAC is the 19th largest donor to federal candidates--contributing more than $1 million so far this cycle--among the approximately 4,600 political action committees, according to the Center for Responsive Politics.
In the review of 32 private firms in Southern California that won money in federal spending bills since 2003, all but two made political donations to national or local lawmakers through their top executives, political action committees or Washington, D.
And just recently, owners of some of the country's largest black-owned businesses formed a political action committee to fight anti-affirmative action efforts.
Leininger is funding the political action committee to finance Republican primary opponents challenging five GOP members of the Texas House who opposed vouchers last year.
Owners of some of the nation's largest African-American businesses have formed a political action committee to fight the elimination of affirmative-action programs.
WASHINGTON -- The Council for Citizens Against Government Waste Political Action Committee (CCAGW PAC) today announced its endorsement of 8th Congressional District candidate Patrick Murray, who is seeking election to Congress in Virginia.
One way to get serious about reelecting Bush, Falwell's e-mail noted, is to donate up to $5,000 to the Campaign for Working Families, a political action committee headed by Gary Bauer, a far-right pundit and former Republican presidential candidate.
reSOURCE Online (professional literature), and AICPA InfoBytes (online learning library/CPE); join a technical membership section (Tax, Consulting, Personal Financial Planning, or Information Technology); or make a contribution to the AICPA Foundation (including Minority Initiatives), AICPA Benevolent Fund or Political Action Committee.
In 1999 Reagan took the helm of the Campaign for Working Families, the right-wing, antigay political action committee spun off from the Family Research Council two years earlier; both organizations were headed by Bauer before he declared his candidacy for the Republican presidential nomination.
Along with one other person, Hartman and his wife Mary ran a political action committee from their home.
Coelho's letter said that the hesitation of the builders' political action committee in making the $5,000 maximum allowable contribution to Minish "causes us to be concerned that the [good relationship the homebuilders have had with House Democrats] will be damaged.