Definitions for "Pass-through securities"
Securities representing pooled debt obligations that pass income from debtors to its shareholders. The most common type is a mortgage-backed certificate.
Securities in which investors own interests in a pool of financial assets and receive pro rata shares of the cash flows the assets generate.
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