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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 MatchesCertificates of Amortized Revolving Debt (CARD)Certificates of Amortized Revolving Debt (CARD)Pass-through securities backed by credit card receivables. Negotiable certificates of depositNegotiable certificates of depositLarge-denomination bank certificates of deposit that can be traded. Guaranteed Mortgage Certificates (GMC)Guaranteed Mortgage Certificates (GMC)First issued by Freddie Mac in 1975, G.M.C.s, like PCs, represent undivided interest in specified conventional whole loans and participations previously purchased by Freddie Mac. 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. Certificates of Automobile Receivables (CAR)Certificates of Automobile Receivables (CAR)Pass-through securities backed by automobile loan receivables. Further SuggestionsParticipation CertificatesParticipation certificates (PC) |
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