Rough: Rough watercolor paper has a coarse rough texture. This surface allows for maximum graining of washes and accidental highlights and texture.

 

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Rough: Rough watercolor paper has a coarse rough texture. This surface allows for maximum graining of washes and accidental highlights and texture.

Private-Label Pass-Throughs: Related: Conventional pass-throughs.

Agency Pass-Throughs: Mortgage pass-through securities whose principal and interest payments are guaranteed by government agencies, such as the Government National Mortgage Association (Ginnie Mae), Federal Home . . . View Full Definition

Roughing: This is when a player makes a check or a hit on a player that is considered harder or rougher then a normal hit. This can result in either a minor or major penalty.

Click-Through Rate (CTR): Total number of clicks on email link(s) divided by the number of emails sent. Includes multiple clicks by a unique user. Some email broadcast vendors or tracking programs define CTR differently.

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

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.

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

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

Palmer Drought Index: A long-term meteorological drought severity index produced by the NOAA/USDA (Department of Agriculture) Joint Agricultural Weather Facility. The index depicts prolonged times, as in months o . . . View Full Definition