Pass Through Security - Law Dictionary Search Results
Home Dictionary Name: pass through securitypass-through security
pass-through security see security ...
security
security pl: -ties 1 a : something (as a mortgage or collateral) that is provided to make certain the fulfillment of an obligation [used his property as for a loan] b : surety see also security for costs 2 : evidence of indebtedness, ownership, or the right to ownership ;specif : evidence of investment in a common enterprise (as a corporation or partnership) made with the expectation of deriving a profit solely from the efforts of others who acquire control over the funds invested [a involves some form of investment contract] see also due diligence asset-backed security : a security (as a bond) that represents ownership in or is secured by a pool of assets (as loans or receivables) that have been securitized bearer security : a security (as a bearer bond) that is not registered and is payable to anyone in possession of it cer·tif·i·cat·ed security [sər-ti-fə-kā-təd-] : a security that belongs to or is divisible into a class or series o...
collateralized mortgage obligation
collateralized mortgage obligation : a bond collateralized by a pool of mortgage obligations or pass-through securities and paid according to the maturity and amortization schedule of its class and not directly from the underlying obligations called also CMO see also remic compare pass-through security at security, tranche ...
REMIC
REMIC [real estate mortgage investment conduit] : an entity (as a corporation, partnership, or trust) that functions as a vehicle for investment in mortgage obligations and esp. collateralized mortgage obligations and receives favorable tax treatment by restricting its own investment to the maintenance of cash flow and reserves and to investment in properties acquired from foreclosure on the underlying mortgages called also real estate mortgage investment conduit compare pass-through security at security real estate investment trust at trust ...
Lien
Lien [answering to the tacita hypotheca of the Civil Law], a right in one man to retain that which is in his possession belonging to another, until certain demands of the person in possession are satisfied. It is neither a jus in re, nor a jus ad rem--i.e., it is not a right of property in the thing itself, or right of action to the thing itself.It is either particular, as a right to retain a thing for some charge or claim growing out of, or connected with, the identical thing; or general, as a right to retain a thing not only for such charges or claims, but also for a general balance of accounts between the parties in respect to other dealings of the like nature.General and particular liens may arise: (1) by an express contract; (2) by an implied contract, resulting from the usage of trade, or the manner of dealing between parties. General lines are not favoured in law, but some judicially recognized general lines are bankers', solicitors', factors', stockbrokers'. See Halsb. L.E., ti...
social security
social security 1 : the principle or practice or a program of public provision (as through social insurance or assistance) for the economic security and social welfare of the individual and his or her family ;esp often cap both Ss : a U.S. government program established in 1935 to include old-age and survivors insurance, contributions to state unemployment insurance, and old-age assistance 2 : money paid out through a social security program [collects social security] see also Social Security Act in the Important Laws section social security administration in the Important Agencies section ...
Permeate
To pass through the pores or interstices of to penetrate and pass through without causing rupture or displacement applied especially to fluids which pass through substances of loose texture as water permeates sand...
Passing off
Passing off, in action for passing off pray of actual deception is not necessary two marks bear an ovrall similarity as would be likely to mislead a person usually dealing with one to accept the other if offered to him, it is enough, National Match Works v. S.T. Karuppanna Nadar, AIR 1979 Mad 157.An infringement action is available where there is violation of specific property right acquired under and recognised by the statute. In a passing-off action, however, the plaintiff's right is independent of such a statutory right to a trade mark and is against the conduct of the defendant which leads to or is intended or calculated to lead to deception. Passing-off is said to be a species of unfair trade competition or of actionable unfair trading by which one person, through deception, attempts to obtain an economic benefit of the reputation which another has established for himself in a particular trade or business. The action is regarded as an action for deceit. The tort of passing-off inv...
VerbarInro
A small closed receptacle or set of receptacles of hard material as lacquered wood iron bronze or ivory used by the Japanese to hold medicines perfumes and the like and carried in the girdle It is usually secured by a silk cord by which the wearer may grasp it which cord passes through an ornamental button or knob called a netsuke...
Ampere
Ampere, means a unit of electric current and is the unvarying electric current which when passed through a solution of nitrate of silver in water, in accordance with the specification set out in Annexure I, deposits silver at the rate of 0.001118 of a gramme per second; the aforesaid unit is equivalent to the current which, in passing through the suspended coil of wire forming part of the instrument marked 'Government of India Ampere Standard Verified' when the suspended coil is in its sighted position, exerts a force which is exactly balanced by the force exerted by gravity in Calcutta on the counter balancing iridio-platinum weight of the said instrument. [Indian Electricity Rules, 1956, s. 2 (1) (c)]...
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