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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 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. Participation 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. |
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