PAC Tranche

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Definition: PAC Tranche

PAC Tranche
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Full Definition of PAC Tranche

A planned amortization class whereby a REMIC security is created in order to receive cash flows from a pool of underlying mortgages that secure the REMIC. These tranches have a structure that is similar to that of a sinking fund in order to set up a fixed schedule of payments.

Cite Term

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https://payrollheaven.com/define/pac-tranche/
Modern Language Association (MLA):
PAC Tranche. PayrollHeaven.com. Payroll & Accounting Heaven Ltd.
October 18, 2024 https://payrollheaven.com/define/pac-tranche/.
Chicago Manual of Style (CMS):
PAC Tranche. PayrollHeaven.com. Payroll & Accounting Heaven Ltd.
https://payrollheaven.com/define/pac-tranche/ (accessed: October 18, 2024).
American Psychological Association (APA):
PAC Tranche. PayrollHeaven.com. Retrieved October 18, 2024
, from PayrollHeaven.com website: https://payrollheaven.com/define/pac-tranche/

Definition Sources

Definitions for PAC Tranche are sourced/syndicated and enhanced from:

  • A Dictionary of Economics (Oxford Quick Reference)
  • Oxford Dictionary Of Accounting
  • Oxford Dictionary Of Business & Management

This glossary post was last updated: 20th November, 2021 | 0 Views.