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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 ?
Jim Knox, executive director for California Common Cause, a watchdog group, said a number of municipalities in California limit the amount of money that individuals, groups and companies can give to political action committees that make independent expenditures.
Vocus Political Action Committee automates FEC and state compliance reporting, provides users with an easy way to create targeted correspondence and helps effectively manage all the crucial workflow of a PAC, including tracking of receipts, fund-raising events and check requests.
CONTACT: Reverend Wendell Anthony, Fannie Lou Hamer Political Action Committee, +1-313-538-3001
Dreier instead favors full and instantaneous disclosure of all campaign donations, including soft-money giving, and would also require corporations and unions to let their shareholders and members decide which candidates their political action committee dollars should support.
The ONA Political Action Committee selects candidates based on their support of nursing and other health care issues.
She was fundraising chair of the REALTORS(R) Political Action Committee in 2003 and regional vice president of Michigan and Ohio in 1997.
The NFL last year also created a political action committee -- the Gridiron PAC (http://www.
The Missouri Nurses Association Political Action Committee (MONA PAC) will host a MONA PAC Donor Recognition Reception on Friday, October 2, from 6:15--7:30 p.
The Iranian American Political Action Committee (IAPAC) and the Public Affairs Alliance of Iranian Americans (PAAIA) have announced agreement to merge, making IAPAC the political action committee of PAAIA.
Delegates to Arkansas Farm Bureau's 73rd annual convention in Little Rock departed from long-standing policy and agreed to establish an issues-focused political action committee.
On July 12, the International Franchise Association's political action committee, FranPAC, hosted a fundraising breakfast for U.
In response, Byrne started a political action committee and decided to go to law school to fight against those "working to marginalize our community.