pass-through certificates


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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.

References in periodicals archive ?
Morgan Mortgage Acquisition Corp, asset-backed pass-through certificates, series 2006-WMC3, which closed on Sept.
NEW YORK -- GE-WMC asset-backed pass-through certificates, series 2006-1, which closed on Aug.
Mortgage Pass-Through Certificates, Series 2006-WMC2, which closed on June 28, 2006 as follows:
s commercial mortgage pass-through certificates series 1995-MCF2.
Standard & Poor's Ratings Services today lowered its rating on class D of Four Times Square Trust's commercial mortgage pass-through certificates series 2000-4TS to 'D' from 'BBB'.
Standard & Poor's)--Standard & Poor's Ratings Services today lowered its ratings on classes K, L, M, and N of First Union National Bank Commercial Mortgage Trust's commercial mortgage pass-through certificates series 2000-C2.
68 billion commercial mortgage pass-through certificates series 2003-2 (see list).
Standard & Poor's Ratings Services today affirmed its 'AAA' rating on the class A mortgage pass-through certificates from Chemical Acceptance Corp.
Standard & Poor's--Standard & Poor's Ratings Services today raised its ratings on two classes of mortgage pass-through certificates from Chemical Mortgage Securities Inc.
s commercial mortgage pass-through certificates series 1997-D5 and placed it on CreditWatch negative.
Standard & Poor's)--Standard & Poor's Ratings Services today raised its ratings on seven classes of mortgage pass-through certificates from five Paine Webber Mortgage Acceptance Corp.
s $300 million commercial mortgage pass-through certificates series 2003-KIDS (see list).