Which of the following is sold by either a government agency or a non-profit corporation set up to build a facility?

Question

Quizplus · Accepted Answer

Certificates of participation are typically issued by either government agencies or non-profit corporations to raise money to build a facility. They are a way to finance capital projects through the sale of equity in the project, and are generally backed by the future revenue or cash flows from the project. Tax increment financing, contractually obligated income, and asset backed securities are all methods of financing that can be used by a variety of entities, not just government agencies or non-profit corporations focused on building facilities.

Which of the Following Is Sold by Either a Government