Fractionalized interests in public obligations definition

Fractionalized interests in public obligations means participations, certificates of participation, shares, or other instruments or agreements, separate from the public obligations themselves, evidencing ownership of interests in public obligations or of rights to receive payments of, or on account of, principal or interest or their equivalents payable by or on behalf of an obligor pursuant to public obligations.
Fractionalized interests in public obligations means participations, certificates of participation, shares, or other
Fractionalized interests in public obligations means participations, certificates of participation, shares, or other instruments or agreements, separate from the public obligations

Examples of Fractionalized interests in public obligations in a sentence

  • Fractionalized interests in public obligations" means participations, certificates of participation, shares, or other instruments or agreements, separate from the public obligations themselves, evidencing ownership of interests in public obligations or of rights to receive payments of, or on account of, principal or interest or their equivalents payable by or on behalf of an obligor pursuant to public obligations.

Related to Fractionalized interests in public obligations

  • Ownership Interests means, with respect to any entity, any ownership interests in the entity and any economic rights (such as a right to distributions, net cash flow or net income) to which the owner of such ownership interests is entitled.