Pass-through coupon rate(redirected from Pass Through Coupon Rates)
Pass-through coupon rate
Pass-Through Coupon Rate
The interest rate a holder receives on a pass-through security. A pass-through security is a negotiable security backed by the receivables on a pool of liabilities like loans or mortgages. The pass-through coupon rate is the same as the weighted average interest rate on the liabilities underlying the security, less any applicable fees.