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Canceled Certificates |
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Canceled CertificatesBefore the issuance of a new certificate, the old certificate is presented to the Transfer Agent and is canceled.Canceled Certificates Similar MatchesParticipation CertificatesParticipation CertificatesMortgage securities, rather than mortgages. The advantage of the certificate is that it is readily marketable or pledgeable. Participation certificates (PC)Participation certificates (PC)Used in the context of general equities. Investments representing an interest in a pool of funds or in other instruments, such as foreign securities, that allow participation in the rise or fall of a security or group of securities. Certificates of Amortized Revolving Debt (CARD)Certificates of Amortized Revolving Debt (CARD)Pass-through securities backed by credit card receivables. Equipment trust certificatesEquipment trust certificatesCertificates issued by a trust that is formed to purchase an asset and lease it to a lessee. When the last of the certificates has been repaid, title and ownership of the asset transfers to the lessee. Negotiable certificates of depositNegotiable certificates of depositLarge-denomination bank certificates of deposit that can be traded. Further SuggestionsGuaranteed Mortgage Certificates (GMC)Certificates of Automobile Receivables (CAR) |
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