pass-through
Definition
A security representing pooled debt obligations, that passes income from debtors to its shareholders. The most common type is the mortgage-backed certificate.
Cite this definition
'pass-through
' appears in the definitions of these terms on BusinessDictionary.com
Ginnie Mae II, Government National Mortgage Association (GNMA), real estate mortgage investment conduit (REMIC), mortgage backed bond, Ginnie Mae I
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