Financial and business terms. 2012.
Pass-Through Certificate — Fixed income securities that represent an undivided interest in a pool of federally insured mortgages put together by the Government National Mortgage Association (Ginnie Mae). Mortgage backed certificates are the most common type of pass through … Investment dictionary
Modified Pass-Through Certificate — A fixed income security that passes through an undivided interest in a pool of mortgages. Modified pass through certificates are backed by federal loans of identical maturity and coupon date. Principal and interest payments are made to investors… … Investment dictionary
Pass-Through Security — A pool of fixed income securities backed by a package of assets. A servicing intermediary collects the monthly payments from issuers, and, after deducting a fee, remits or passes them through to the holders of the pass through security. Also… … Investment dictionary
Pass-Through Certificates — (PTCs) are instruments that evidence the ownership of two or more Equipment Trust Certificates. In other words, Equipment Trust Certificates may be bundled into a pass through structure as a means of diversifying the asset pool and/or increasing… … Wikipedia
PASS — vi 1 a: to issue a decision, verdict, or opinion the Supreme Court pass ed on a statute b: to be legally issued judgment pass ed by default 2: to go from the control, ownership, or possession of one person or group to that of … Law dictionary
Certificate of Deposit Account Registry Service — The Certificate of Deposit Account Registry Service (CDARS), is a private, patented, for profit service that breaks up large deposits (from individuals, companies, nonprofits, public funds, etc.) and places them across a network of more than 3000 … Wikipedia
pass — I Permission to pass; a license to go or come; a certificate, emanating from authority, wherein it is declared that a designated person is permitted to go beyond certain boundaries which, without such authority, he could not lawfully pass. Also a … Black's law dictionary
pass — pass1 [pas, päs] n. [ME pas: see PACE1] a narrow passage or opening, esp. between mountains; gap; defile pass2 [pas, päs] vi. [ME passen < OFr passer < VL * passare < L passus, a step: see PACE1] 1. to go o … English World dictionary
Certificate of Occupancy — A Certificate of Occupancy A Certificate of Occupancy is a document issued by a local government agency or building department certifying a building s compliance with applicable building codes and other laws, and indicating it to be in a… … Wikipedia
Certificate of Professional Competence — The CPC (Certificate Of Professional Competence) are a range of qualifications designed for the UK Transport and Haulage industry. There are currently four qualifications offered by OCR: International Passenger Transport Level 3 International… … Wikipedia
