- property income certificate
- = PINCA certificate giving the bearer a share in the value of a particular property and a share of the income from it. PINCs can be bought and sold.
Big dictionary of business and management. 2014.
property income certificate
Look at other dictionaries:
property income certificate — PINC A certificate giving the bearer a share in the value of a particular property and a share of the income from it. PINCs can be bought and sold … Accounting dictionary
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single property ownership trust — SPOT A single property trust; shares in the trust entitle their holder to a direct share of the property s income and capital. A form of securitization, a share in a SPOT is similar to a property income certificate (PINC) … Big dictionary of business and management
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tax certificate — UK US noun [C] PROPERTY, TAX ► an official document which shows that the tax owed on an income, profit, property sale, etc. has been paid: »This document confirms that the company holds a tax certificate … Financial and business terms
