Related Words

Follow Through: The portion of a swing after the ball is hit

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

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

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 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.

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

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

Punch Out Or Through: Down a pin(s) from the middle only (punch No. 6 out of a full set; or punch through No.1 after a Worcester, etc.)