PAC BOND Definition

Bookmark and Share

PAC BOND is a planned amortization class collateralized mortgage obligation (CMO) that provides a set average life within a specified band of prepayment assumptions. PACs are considered the most stable CMO class in terms of average life variability.

Learn new Accounting Terms

RESTRICTED DONATIONS see RESTRICTED ASSETS.

Z-BOND see ACCRUAL BOND.

Suggest a Term

Enter Search Term

Enter a term, then click the entry you would like to view.