Certificate of participation

certificate of participation (COP) investment & finance definition
Entitlement to a participation, or share in the lease payments from a particular project.

The Certificate of Participation is a financial document that is often employed when a municipal government or other government entity creates a bond issue.

CERTIFICATE OF PARTICIPATION (COP) - An instrument evidencing a pro rata share in a specific pledged revenue stream, usually lease payments by the issuer that are subject to annual appropriation.

Certificate of Participation Financing in which an individual purchases a share of the lease revenues of... certificate of stock A document reflecting legal ownership of a specific number of stock shares in a corporation.

See also: Certificate, Investment, Contract, Share, Right