"Pass Through Security" Definition
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 Glossary   >   P   >   "Pass Through Security" Definition   

        Pass Through Security

A pool of fixed income securities backed by a package of assets. A servicing intermediary collects the monthly payments and, after deducting a fee, remits or passes them through to the holders of the pass through security.

Pass Through Security


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Pass Through Security - A pool of fixed income securities backed by a package of assets. A servicing intermediary collects the monthly payments and, after deducting a fee, remits or passes them through to the holders of the pass through security.


Pass Through Security : a pool of fixed income securities backed by a package of assets. a servicing intermediary collects the monthly payments and, after deducting a fee, remits or passes them through to the holders of the pass through security.