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Pass-through

A security representing pooled Debt obligations, that passes income from debtors to ITS shareholders. The most common Type is the mortgage-backed Certificate.

Related Terms: 15 Certificate, Debt, Debtor, ECU, FICA, Inc., ITS, Mortgage-backed certificate, Mortgage, Obligation, Pool, SEC, Shareholder, Share, Type
Other Related Pages: Category: Bonds Starting With: P
Semi Related Terms: 415 CLICK HERE TO VIEW