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pass-through certificates

   Also found in: Wikipedia 0.03 sec.
Pass-Through Security
A derivative security representing the receivables on some debt. That is, a shareholder of a pass-through security is entitled to a portion of the income from the debt. Generally, a pass-through security has a large number of debts underlying it; for example, a pass-through may represent a portion of several hundred car loans. The most common type of pass-through is a mortgage-backed security.

pass-through certificates (or securities)

Interests in a pool of mortgages sold to investors.



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7% interest in the MLCFC Commercial Mortgage Pass-Through Certificates 2007-5 class A4, in the amount of $94,739,000(16.
1% interest in the COBALT Commercial Mortgage Pass-Through Certificates 2007-C3 Class A4, in the amount of $71,000,000 (19.
NEW YORK -- Fitch Ratings has taken rating actions on the following Washington Mutual (WAMU) residential mortgage-backed certificates: WAMU, mortgage pass-through certificates, series 2001-7 -- Class A affirmed at 'AAA'; -- Class M-1 affirmed at 'AAA'; -- Class M-2 affirmed at 'AA+'.
 
 
 
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