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Copyright © 2012, Campbell R. Harvey. All Rights Reserved.
Project Loan Security
A mortgage-backed security issued by Ginnie Mae on mortgages for larger properties. As with all mortgage-backed securities, the coupons on guaranteed mortgage securities are paid out of the principal and interest on a pool of mortgages underlying the securities. Project loan securities are issued on mortgages on multi-family homes or large construction projects.
Public Limited Company
A primarily British term for a publicly-traded company. The term derives from the facts that the company issues shares that may be bought and sold by the general public and all shareholders have limited liability.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved
Plc (public limited company)see JOINT STOCK COMPANY.
Collins Dictionary of Business, 3rd ed. © 2002, 2005 C Pass, B Lowes, A Pendleton, L Chadwick, D O’Reilly and M Afferson
Plcsee JOINT-STOCK COMPANY, LIMITED LIABILITY.
Collins Dictionary of Economics, 4th ed. © C. Pass, B. Lowes, L. Davies 2005