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Certificates of Automobile Receivables (CAR) |
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Certificates of Automobile Receivables (CAR)Pass-through securities backed by automobile loan receivables.Certificates of Automobile Receivables (CAR) Similar MatchesParticipation CertificatesParticipation CertificatesMortgage securities, rather than mortgages. The advantage of the certificate is that it is readily marketable or pledgeable. Canceled CertificatesCanceled CertificatesBefore the issuance of a new certificate, the old certificate is presented to the Transfer Agent and is canceled. Certificates of Amortized Revolving Debt (CARD)Certificates of Amortized Revolving Debt (CARD)Pass-through securities backed by credit card receivables. 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. Negotiable certificates of depositNegotiable certificates of depositLarge-denomination bank certificates of deposit that can be traded. Further SuggestionsEquipment trust certificatesParticipation certificates (PC) |
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