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PAC (1)

PAC (2)

Copyright © 2012, Campbell R. Harvey. All Rights Reserved.

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.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved


Wall Street Words: An A to Z Guide to Investment Terms for Today's Investor by David L. Scott. Copyright © 2003 by Houghton Mifflin Company. Published by Houghton Mifflin Company. All rights reserved. All rights reserved.
References in periodicals archive ?
Stanley Reed of Marianna, president of the nonprofit, private advocacy organization, says the resolution specifically prohibits the political action committee from contributing to candidates or political parties.
Put simply, political action committees allow corporations, trade unions, trade associations, groups of people with similar beliefs and others to raise money to make legal donations to candidates for federal office.
888/817-3277 Political Action Committee 202/434-9276 Practicing CPA, The (editorial) 201/938-3502 Professional Ethics, Ethics Hotline 888/777-7077 State Legislation and Regulation 202/434-9201 Tax Adviser, The (editorial) 201/938-3445 Tax Section Member Services 202/434-9270 Work/Life and Women's Initiatives 212/596-6226 Elite Values Program ( Insurance Programs Catastrophe Major Medical
As you are probably aware, FEI's Washington, D.C., staffers are advocates and not "lobbyists" as the term is used; FEI doesn't have a Political Action Committee (PAC).
"We support Conyers's effort, but we really want articles of impeachment introduced now," says Bob Fertik, president of ImpeachPAC, a political action committee dedicated to supporting Congressional candidates who favor impeaching Bush.
The Business and Industry Political Action Committee's Prosperity Project is an excellent program which educates employees about public policy and encourages them to voice concerns or support over specific legislative issues to get the attention of federal, state and local representatives.
The 42-count indictment alleges that Robles used his influence as a city official to extort money and other benefits for himself and his family, friends and political action committee Citizens for Good Government.
Kelley will oversee lobbying efforts related to appropriations, conservation and transportation issues, while Silverberg will focus on trade, biotechnology and NCGA's political action committee.
* Michael Torrey, former Deputy Assistant Secretary for Congressional Relations: Ice Cream, Milk and Cheese Political Action Committee.
Likewise, though with much higher stakes, the political action committee Downtown for Democracy (D4D) is revolutionizing the way we work together, rousing arts communities to raise hundreds of thousands of dollars toward one goal: regime change in the US.
Pierre is one of the vice chairpersons of Future PAC, a national African American women's political action committee. She stresses the importance of Majette raising funds outside of Georgia: "While her base is in Georgia and while it's important for her to get Georgia's vote, she should know that African Americans around the country would love the opportunity to invest in a black woman malting it to the Senate."
Her generosity, whether she appears at fundraisers for others or spreads money around through her own political action committee, has made it very difficult for senior Senate Democrats to say "no" to her when she needs an item for New York or special language for a liberal special interest group included in legislation.