BANKING AFFAIRS

Detailed explanation-1: -A certificate of participation (COP) is a type of financing where an investor purchases a share of the lease revenues of a program rather than the bond being secured by those revenues. Certificates of participation are secured by lease revenues.

Detailed explanation-2: -The value of a certificate of participation cannot be overstated. It serves as evidence that a person was there at a significant event.

Detailed explanation-3: -A participation certificate (PC ) is usually a bearer instrument securitizing its holders the right to share in the distributable profits of the issuing company and in liquidation proceeds, it carrying no voting rights and commonly not entitling its holders to preemptive rights .

Detailed explanation-4: -Corporations have three basic options when it comes to stock certificates: (1) issue certificated shares with paper certificates; (2) issue certificated shares with electronic certificates; or (3) forego stock certificates altogether and issue uncertificated shares.