Guaranteed Mortgage Certificates (GMC)

 

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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.



Guaranteed Mortgage Certificates (GMC)

Similar Matches

Participation Certificates

Participation Certificates

Mortgage securities, rather than mortgages. The advantage of the certificate is that it is readily marketable or pledgeable.


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.


Negotiable certificates of deposit

Negotiable certificates of deposit

Large-denomination bank certificates of deposit that can be traded.


Canceled Certificates

Canceled Certificates

Before the issuance of a new certificate, the old certificate is presented to the Transfer Agent and is canceled.


Equipment trust certificates

Equipment trust certificates

Certificates 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 Suggestions

Certificates of Automobile Receivables (CAR)
Certificates of Amortized Revolving Debt (CARD)


 
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