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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 MatchesNegotiable certificates of depositNegotiable certificates of depositLarge-denomination bank certificates of deposit that can be traded. Certificates of Amortized Revolving Debt (CARD)Certificates of Amortized Revolving Debt (CARD)Pass-through securities backed by credit card receivables. Participation CertificatesParticipation CertificatesMortgage securities, rather than mortgages. The advantage of the certificate is that it is readily marketable or pledgeable. Certificates of Automobile Receivables (CAR)Certificates of Automobile Receivables (CAR)Pass-through securities backed by automobile loan 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. Further SuggestionsGuaranteed Mortgage Certificates (GMC)Participation certificates (PC) |
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