Certificate of Participation

Definition

Financing in which an individual buys a share of the lease revenues of an agreement made by a municipal or governmental entity, rather than the bond being secured by those revenues.

Use this term in a sentence

I got a certificate of participation from them and I was really happy with what I got and what it meant for me.

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You should try to get a certificate of participation so that you know that everything is being done in an official way.

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The Certificate of Participation that Mike had with the government seemed like it was quite complete and would ultimately serve both parties very well.

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Certificate of Occupancy certificate of quality