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