Series 7: 3.2.3.1.7. Certificates Of Participation

Taken from our Series 7 Online Guide

3.2.3.1.7. Certificates of Participation

Certificates of participation (COPs) are a mechanism for governmental entities to finance capital projects without technically issuing long-term debt. They are a type of financing where the investor purchases a share of the lease revenue from a facility rather than a bond. The leasing authority leases the asset to a municipality and transfers its right to receive lease payments to a trustee. The trustee executes certificates of part

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Series 7: 3.2.3.1.7. Certificates Of Participation

Taken from our Series 7 Online Guide

3.2.3.1.7. Certificates of Participation

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