Home
E-Mail
Latest

PAC Tranche Financial Glossary

What is it? Planned amortization class tranche. A REMIC security created to receive selected cash flows from a pool of underlying mortgages securing the REMIC. PAC tranches use a structure similar to a sinking fund to establish a fixed principal payment schedule. Created together with a companion or support tranche.

Finance Term Definition Added By: Rachel

The PAC Tranche definition has been viewed 2068 Time(s)!




Send To Friends!

If you'd like to send the PAC Tranche definition to yourself or to your friends/colleagues, just enter the e-mail addresses in the boxes below -





We hope you now understand the meaning of PAC Tranche. If you need any more information on this term, please don't hesitate to contact us.

Other Similar Finance Terms:

Financial Term Share is A unit of measuring ownership in a company (i.e., if a firm has 1,000 shares outstanding and if you own 100 of them, then you have a 10% claim on the firms net income (NI) and assets).

Financial Term Financial Aid Award is An offer of financial or in-kind assistance to a student attending a postsecondary educational institution. This award may be in the form of one or more of the following types of financial aid repayable loan, a non-repayable grant and/or scholarship, and/or student employment.

Financial Term New Issue is Same as an IPO or placing.

Financial Term Checking Account is An account which allows the account owner to write checks against the account on deposited funds.

Financial Term Discount is The interest deducted prior to advancing or lending money against outstanding invoices.