MORTGAGE PARTICIPATION CERTIFICATE

A security holding partial ownership within a pool of other partial mortgage owners. These other mortgages are owned by a federally insured mortgage holder, like Freddie Mac. Also known as pass-through security.

More On This Topic



Link to This Definition
Did you find this definition of MORTGAGE PARTICIPATION CERTIFICATE helpful? You can share it by copying the code below and adding it to your blog or web page.
Written and fact checked by The Law Dictionary