Mellie A certificate of participation (COP) is a type of debt instrument used by state and local governments in the United States to finance public capital projects. COPs are similar to bonds, but differ in that bonds are issued by governments and COPs are issued by special purpose entities created by governments to finance specific projects. … Read more
Unappropriated retained earnings are the portion of a company’s profits that have not been designated for specific purposes. The board of directors may choose to reinvest these earnings back into the business, distribute them to shareholders as dividends, or use them to pay down debt. Unappropriated retained earnings belong to the shareholders of a company … Read more
A Term Payment Plan is a type of reverse mortgage that allows you to receive payments for a set period of time. You can choose to receive these payments for a fixed term of 10, 15, or 20 years, or for as long as you live in your home. This type of reverse mortgage can … Read more
