Related Words

Rough Opening: The horizontal and vertical measurement of a window or door opening before drywall or siding is installed.

Rough Sill: The framing member at the bottom of a rough opening for a window. It is attached to the cripple studs below the rough opening.

Pass-Throughs: Payments on securities sold in the secondary market that are sent directly to investors.

Payable Through Drafts: A method of making payment that is used to maintain control over payments made on behalf of the firm by personnel in noncentral locations. The payer's bank delivers the payable through draft . . . View Full Definition

Play Through: (also 'go through') passing the group in front of you (for various reasons) while they wait

Pre-Frontal Trough: An elongated area of relatively low pressure preceding a cold front that is usually associated with a shift in wind direction.

Plumbing Rough: Work performed by the plumbing contractor after the Rough Heat is installed. This work includes installing all plastic ABS drain and waste lines, copper water lines, bath tubs, shower pans, . . . View Full Definition

Pass-Through Security: When a corporation or government agency buys loans from lenders to pool and package as securities for resale to investors, the products may be pass-through securities. That means regular pay . . . View Full Definition

Pass-Through Securities: A pool of fixed income securities backed by a package of assets (i.e., mortgages) where the holder receives the principal and interest payments. Related: Mortgage pass-through security

Opening Transaction: Applies to derivative products. (1)Buy or sell transaction that creates a position out of a flat one (writing an option short or buying an option long). Antithesis of closing transaction. (2 . . . View Full Definition