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Strip mortgage participation certificate (strip PC) |
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Strip mortgage participation certificate (strip PC)Ownership interests in specified mortgages purchased by Freddie Mac from a single seller in exchange for separate instruments representing interests in the same mortgages.Strip mortgage participation certificate (strip PC) Similar MatchesParticipation loanParticipation loanA large loan made by a group of lenders, that enables a borrower to obtain financing above the legal lending limit of an individual lender. Direct participation programDirect participation programAn investment program enabling investors to directly participate in the cash-flow and tax benefits of the partnership invested in by the investor, typically a form of passive investment. 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. Participation CertificatesParticipation CertificatesMortgage securities, rather than mortgages. The advantage of the certificate is that it is readily marketable or pledgeable. |
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