PAC Bond

Stands 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.
Found on http://www.duke.edu/~charvey/Classes/wpg/bfglosp.htm

PAC Bond

Stands for Planned Amortization Class bond. A tranche class offered by some CMOs that has a sinking
Found on http://www.encyclo.co.uk/local/22402
No exact match found