An investment contract which obliges the holder to make a series of periodic payments, which are used by a trustee to buy securities. These investment options are heavily regulated now by the SEC with a limit on sales commission and all other charges. The certificates are also redeemable with rules governing what the issuer has to pay.
Related information about periodic payment plan certificate:
- Periodic Payment Plan Certificate Definition | Investopedia
A certificate representing ownership interest in a periodic payment plan. Through section 27 of the Investment Company Act of 1940, the Securities and ...
- What is periodic payment plan certificate? definition and meaning
Definition of periodic payment plan certificate: An investment contract which obliges the holder to make a series of periodic payments, which are used by a ...
- Periodic Payment Plan Certificate Law & Legal Definition
According to 15 USCS § 80a-2 (27), the term periodic payment plan certificate means “(A) any certificate, investment contract, or other security providing for a ...
- Report on Refunds, Sales Practices, and Revenues from Periodic ...
service members on any periodic payment plan certificate, and the amounts of such refunds. Of the dominant broker-dealers only one indicated that it is offering ...
- 17 CFR 270.27f-1 - Notice of right of withdrawal required to be ...
Apr 1, 2012 ... Notice of right of withdrawal required to be mailed to periodic payment plan certificate holders and exemption from section 27(f) for certain ...
- Form N-27E-1, notice to periodic payment plan certificate holders of ...
Apr 1, 2012 ... 17 CFR 274.127e-1 - Form N-27E-1, notice to periodic payment plan certificate holders of 18-month surrender rights with respect to periodic ...
- 270.27 h-1 - Legal Information Institute - Cornell University
Apr 1, 2012 ... (1) That portion of the first payment on a periodic payment plan certificate which equals the amount of five minimum monthly payments: ...
- 270.27d-1 - Legal Information Institute - Cornell University
Apr 1, 2012 ... (a) (1) Every depositor of or principal underwriter for the issuer of a periodic payment plan certificate sold subject to section 27(d) or section ...