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Certificates of Amortized Revolving Debt (CARD) |
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Certificates of Amortized Revolving Debt (CARD)Pass-through securities backed by credit card receivables.Certificates of Amortized Revolving Debt (CARD) Similar MatchesParticipation 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. Canceled CertificatesCanceled CertificatesBefore the issuance of a new certificate, the old certificate is presented to the Transfer Agent and is canceled. 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. Further SuggestionsNegotiable certificates of depositParticipation certificates (PC) |
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