Business / Finance / Collection: A security backed by a pool of pass-through rates , structured so that there are several classes of bondholders with varying maturities, called tranches. The principal payments from the underlying pool of pass-through securities are used to retire the bonds on a priority basis as specified in the prospectus. Related: mortgage pass-through security.
Collection Noun Synonyms: accumulation, hoard, store, assemblage, omnium gatherum, anthology, chrestomathy
Collection Adjective Synonyms: collecting, gathering, solicitation, garnering, gleaning, accumulation, amassment, aggregation, whip-round
Business / Finance / Collection Policy: The percentage of a given month's sales collected during the month of sale and each month following the month of sale. MORE
Business / Finance / Collection Fractions: The period between the time is deposited a check in an account and the time funds are made available. MORE