What is PASS THROUGH SECURITY?

Obligations towards debt, which has been sold as shares. In such an agreement, the principal amount as well as the interest taken from borrowers first goes through the middleman, who deducts his share and is then given to investors.

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Related Legal Terms
MORTGAGE PASS THROUGH SECURITY, PASS-THROUGH SECURITY, JUNIOR SECURITY, MARKETABLE SECURITY, TREASURY INFLATIONPROTECTED SECURITY (TIPS), PASS THROUGH TAXATION, PASS,, PASS, PASS FOR CAUSE, PASS-BOOK


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