| Pass-through Security | |
 A pool of fixed-income securities backed by a package of assets. A servicing intermediary collects the monthly payments from issuers, and, after deducting a fee, remits or passes them through to the holders of the pass-through security. Also known as a "pass-through certificate" or "pay-through security." |
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 The most common type of pass-through is a mortgage-backed certificate, where homeowners' payments pass from the original bank through a government agency or investment bank to investors. |
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 20 Investments You Should Know - To take advantage of all your investing options, you need to know what your choices are. Here we introduce you to 20 different investing instruments by highlighting their features and their advantages. Asset Allocation within Fixed Income - An investor's fixed-income portfolio can easily beat the average bond fund. Learn how and why! |
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