HomeDefinitionsCompareDebt PAC BondThe financial definition for PAC Bond:Stands for Planned Amortization Class bond. A tranche class offered by some CMOs that has a sinking fund schedule and an ability to make principal payments that are not subordinated to other classes. Similar MatchesAccrual bondAccrual bondA bond on which interest accrues but is not paid to the investor during the time of accrual. The amount of accrued interest is added to the remaining principal of the bond and is paid at maturity. Active bond crowdActive bond crowdRefers to members of the bond department of the NYSE who trade the most bonds. Antithesis of cabinet crowd. Additional bonds testAdditional bonds testA test for ensuring that bond issuers can meet the debt service requirements of issuing any new additional bonds. Further SuggestionsAdjustment bondArbitrage bonds Authority bond Automated bond system (ABS) Baby bond Bailout bond Bearer bond Click to compare definitions of PAC Bond Click to view definitions beginning pa |