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A pass-through certificate is an instrument that evidences ownership in an underlying pool of assets, serving to signify the transfer of interest in favor of the holder. An equipment trust certificate is a specific case. In creating such a pass-through structure, the underlying assets are "bundled" into a pass-through security (also known as a…
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interest pass-through certificate security underlying pool assets structure payments holders asset instrument ownership principal securitizations prepayments fluctuations evidences serving signify
| Subject | Predicate | Object | Confidence | Src |
|---|---|---|---|---|
| Pass-through certificate | is a | instrument that evidences ownership in an underlying pool of assets | 0.90 | text |
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