Participation certificates (PC)
Used in the context of general equities. Investments representing an interest in a pool of funds or in other instruments, such as foreign securities, that allow participation in the rise or fall of a security or group of securities.
Nearby TermsParticipating preferred stock Participation Participation certificates (PC) Participation loan Partner
Copyright © 2011 Campbell R. Harvey, Professor of Finance, Fuqua School of Business at Duke University