Pass-through rate

Definition:

The net interest rate passed through to investors after deducting servicing, management, and guarantee fees from the gross mortgage coupon.

Investing Essentials


Copyright © 2011 Campbell R. Harvey, Professor of Finance, Fuqua School of Business at Duke University

Term of the Day

Reopen an issue

The Treasury, when it wants to sell additional securities, will occasionally sell more of an existing issue (reopen it) rather than offer a new issue.

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