PASS THROUGH SECURITY
\pˈas θɹuː sɪkjˈʊ͡əɹɪti], \pˈas θɹuː sɪkjˈʊəɹɪti], \p_ˈa_s θ_ɹ_uː s_ɪ_k_j_ˈʊə_ɹ_ɪ_t_i]\
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Obligations towards debt, which has been sold as shares. In such an agreement, the principal amount as well as the interest taken from borrowers first goes through the middleman, who deducts his share and is then given to investors.
By Henry Campbell Black
Word of the day
Health Personnel Attitudes
- Attitudes of personnel toward their patients, other professionals, the medical care system, etc.
Nearby Words
- pass on
- pass out
- pass over
- pass receiver
- pass through
- PASS THROUGH SECURITY
- pass through taxation
- pass up
- pass water
- pass with flying colors
- pass,