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Simple English definitions for legal terms

pass-through security

Read a random definition: Bureau of Alcohol, Tobacco, Firearms, and Explosives

A quick definition of pass-through security:

A pass-through security is a type of investment that represents a share in a pool of assets, such as mortgages or loans. When people make payments on these assets, the money is passed through to the investors who own the pass-through security. This type of investment can be bought and sold on the stock market, and its value depends on the performance of the underlying assets.

A more thorough explanation:

A pass-through security is a type of security that represents a share in a pool of assets, such as mortgages or loans. The cash flows generated by these assets are passed through to the holders of the security, who receive a portion of the interest and principal payments.

For example, a mortgage-backed security is a type of pass-through security that represents a share in a pool of mortgages. The interest and principal payments made by the homeowners are passed through to the holders of the security, who receive a portion of these payments based on their ownership share.

Pass-through securities are popular with investors because they offer a steady stream of income and are often backed by collateral, which reduces the risk of default. However, they can also be complex and difficult to value, especially in times of economic uncertainty.

pass-through | past consideration

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MIAMI A
[] AromaticTroubledDormouse
20:55
How does one know if they are UR1 or UR2?
[] AromaticTroubledDormouse
20:56
CONGRATS MACAQUE!
TY
got a random stanford email and almost had a heart attack
ALSO CONGRATS!
Congrats1!
21:15
Miami A, yall I'm so excited I could cry.
21:15
Feel like I can finally stop holding my breath!! Whew!!!
[] baddestbunny
22:16
every time I get accosted by a strange man who follows me around because my male coworkers were too busy talking to walk me back to my car I get closer to saying we need to bring back traditional gender roles
Dkk
22:32
Nice! @Macaque
Dkk
22:32
@Aromatic, Have to guess.
Dkk
22:33
That sucks @Bunny do you have to go to the hospital?
[] baddestbunny
22:40
I said accosted not assaulted
23:35
guys. my notre dame address just went long is this good or bad
1a2b3c4d26z
23:37
Oooooo me too
23:37
omg is this good or bad
Dkk
23:47
Idk if gender roles are gunna fix that then.
23:49
it looks like most people who applied in october last cycle didn't get a decision until january... does it even mean anything that our addresses went long??
hows ED 2 compared to ED 1?
Dkk
0:10
No idea
windyMagician
0:34
reporting live to say my ndls address also went long
does it mean anything ^
Dkk
2:21
NDLS and Fordham took a very long time last year. It's good info for people to know.
[] baddestbunny
4:29
let’s get after it boys and girls
Dkk
5:21
I gtg to bed soon.
Dkk
5:22
Big day today. Gunna be a crazy one. I will sleep through the first half.
good morning lsd it is 5 am EST
also jazzy my ndls address went long ages ago i sadly do not think it means anything
my stanford address also went long LOL i think at most it's an indicator it's under review
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