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PAC bond
PAC bondStands for Planned Amortization Class bond. A tranche class offered by some CMOs that has a sinking fund schedule and an ability to make principal payments that are not subordinated to other classes. RELATED TERMS-------------------------------------- Amortization The only agency authorized as a formal market for trading securities in Jordan. Class In the case of derivative products, options of the same type-put or call-with the same underlying security. Bond Certificate, stating that the issuer is committing himself to repay the loan, including interest and other payments, to the holder. Tranche A segment of a capital issue offered for sale on a particular date; an installment. Fund To provide money for a specific purpose; an amount of money saved for a specific purpose. Principal The amount of a loan, which the borrower has to pay back when the loan matures; a person who engages a broker to buy and sell for him. Subordinated A claim ranked lower in priority than other claims. Common stock claims are always subordinated to debt. SIMILAR TERMS-------------------------------------- PAC CENTURY INS PAC CENTURY INS is a securities company with code 00065 at Hong Kong stock. Board lot: 2,000. PAC Credit Union PAC is a credit union with head office in TROY, MI Pac Man A form of defense used in a hostile takeover situation. The target firm turns around and tries to take over the company that has made the hostile bid. Pac Man strategy Takeover defense strategy in which the prospective acquiree retaliates against the acquirer's tender offer by launching its own tender offer for the other firm. PREVIOUS AND NEXT TERMS-------------------------------------- P&L Profit and loss statement for a trader. P&S Purchase and sale statement. A statement provided by the broker showing change in the customer's net ledger balance after the offset of any previously established positions. P-E Price-earnings ratio P-E effect That portfolios with low P-Estocks exhibit higher average risk-adjusted returns than those with high P-E stocks. P-E ratio Current stock price divided by trailing annual earnings per sharer expected annual earnings per share. PAC bond Pac Man A form of defense used in a hostile takeover situation. The target firm turns around and tries to take over the company that has made the hostile bid. Pac Man strategy Takeover defense strategy in which the prospective acquiree retaliates against the acquirer's tender offer by launching its own tender offer for the other firm. Pacific Stock Exchange Used for listed equity securities. Regional exchange located in Los Angeles and San Francisco; only U.S. exchange open between 4:00 and 4:30. Package mortgage A mortgage on a house and property in the house. Paid in capital Capital received from investors in exchange for stock, but not stock from capital generated from earnings or donated. We thank you for using the Financial Dictionary to search for PAC bond. If you have a better definition for PAC bond than the one presented here, please let us know by making use of the suggest a term option. This definition of PAC bond may be disputed by other professionals. Our attempt is to provide easy definitions on PAC bond and any other medical topic for the public at large.
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