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.

Modified Strophic Form

Entertainment / Music / Modified Strophic Form: Song structure that combines elements of strophic and through-composed forms: a variation of strophic form in which a section might have a new key, rhythm, or varied melodic pattern. 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

Modified-Range Ratio Method

Science / Tides and Currents / Modified-Range Ratio Method: A tidal datum computation method. Generally used for the East Coast, Gulf Coast, and Caribbean Island stations. Values needed are mean tide level (MTL), mean diurnal tide level (DTL), mean range of ti MORE

Pass-Throughs

Business / Real Estate / Pass-Throughs: Payments on securities sold in the secondary market that are sent directly to investors. MORE

Private-Label Pass-Throughs

Business / Finance / Private-Label Pass-Throughs: Related: Conventional pass-throughs. MORE

Modified Duration

Business / Finance / Modified Duration: The ratio of Macaulay duration to (1 + y), where y = the bond yield. Modified duration is inversely related to the approximate percentage change in price for a given change in yield. MORE

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