Agency Securities: Securities issued by federally related institutions and U.S. government-sponsored entities. Such agencies were created to reduce borrowing costs for certain sectors of the economy, such as agriculture.

 

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Agency Securities: Securities issued by federally related institutions and U.S. government-sponsored entities. Such agencies were created to reduce borrowing costs for certain sectors of the economy, such as a . . . View Full Definition

Open-Buyer-Agency-Agreement: This agreement is a nonexclusive agency contract between a broker and a buyer. It permits the buyer to enter into similar agreements with an unlimited number of brokers. The buyer is obligat . . . View Full Definition

National Securities Clearing Corporation (NSCC): A clearing corporation that facilitates the settlement of accounts among brokerage firms, exchanges, and other clearing corporations.

National Association Of Securities Dealers Automatic Quotation System (Nasdaq): An electronic quotation system that provides price quotations to market participants about the more actively traded common stock issues in the OTC market. About 4000 common stock issues are . . . View Full Definition

Ostensible Agency: A form of implied agency relationship created by the actions of the parties involved rather than by written agreement or document.

National Association Of Securities Dealers Automated Quotation System (NASDAQ): NASDAQ is a computerized stock trading network that allows brokers to access price quotations for stocks being traded electronically or sold on the floor of a stock exchange.

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

Public Securities Administration (PSA): The trade association for primary dealers in U.S. government securities, including MBSs.

Real Property Securities Dealer: A real property securities dealer is a broker who sells an existing trust deed and guarantees a return on it.

Project Loan Securities: Securities backed by a variety of FHA-insured loans-primarily multifamily apartment buildings, hospitals, and nursing homes.