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certificate of participation (COP)

certificate of participation (COP) definition - business

certificate of participation (COP)

Entitlement to a participation, or share, in the lease payments from a particular project. The lessor generally assigns lease payments to a trustee that distributes the payments to certificate holders.

The American Heritage® Dictionary of Business Terms Copyright © 2009 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.

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