Certificate of participation [cop), Accounting, Basic Statistics

Certificate of participation [cop), Accounting, Basic Statistics

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Certificate of participation [cop)
A debt financing agenda administered by the Office of the State Treasurer, A COP is an instrument evidencing a pro rata split in a exact pledged revenue stream: usually lease payments by the issuer that are topic to yearly appropriation, The certificate generally entitles the holder to obtain a split:, input: in the lease payments from a exacting scheme, The lease payments are passed through the lesser to the certificate holders, The lesser characteristically assigns the lease & lease payments to a trustee: which then deal out the lease payments to the certificate holders,

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