Meaning PAC Bond
What does PAC Bond mean? Here you find 3 meanings of the word PAC Bond. You can also add a definition of PAC Bond yourself
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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.
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PAC BondDefinition Short for Planned Amortization Bond, a mortgage-backed bond that may be offered in a collateralized mortgage obligation. These bonds typically take longer to mature, so they are often partn [..]
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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.
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