Ginnie Mae Pass-Through

Business / Finance / Ginnie Mae Pass-Through: British and Irish government securities. Blue Chip.

Pass-Through Coupon Rate

Business / Finance / Pass-Through Coupon Rate: The interest rate paid on a securitized pool of assets, which is less than the rate paid on the underlying loans by an amount equal to the servicing and guaranteeing fees. MORE

Pass-Through Rate

Business / Finance / Pass-Through Rate: The net interest rate passed through to investors after deducting servicing, management, and guarantee fees from the gross mortgage coupon. MORE

Mortgage Pass-Through Security

Business / Finance / Mortgage Pass-Through Security: Also called a pass-through, a security created when one or more mortgage holders form a collection (pool) of mortgages and sells shares or participation certificates in the pool. The cash flow from th MORE

Modified Pass-Throughs

Business / Finance / Modified Pass-Throughs: Agency pass-throughs that guarantee (1) timely interest payments and (2) principal payments as collected, but no later than a specified time after they are due. Related: Fully modified pass-throughs. MORE

Maenad

Entertainment / Literature / Maenad: Also known as bacchae or thyiads, maenads were female worshippers of Dionysus or Bacchus. In the mystery cult of Dionysus, worshippers would get drunk on wine and then undergo an all-night process of MORE

Maestro

Entertainment / Music / Maestro: Refers to any great composer, conductor, or teacher of music. MORE

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