Servicing a Pass-Through Security Refers to

question 66

Multiple Choice

Servicing a pass-through security refers to

• A)an FI processing of all payments.
• B)an FI provision of clearing services to set up the pass-through.
• C)broker/dealer services provided by the FI to the ultimate holders of the pass-through.
• D)guarantee by the FI of all principal and interest payments.
• E)an FI provision of liquidity services to the ultimate holders of the pass-through.

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Definitions:

Telegraphic Speech

The early speech phase in children where sentences are formed with only essential words, omitting smaller ones or grammatical elements.

Bilingual Education

An educational approach that involves teaching academic content in two languages.

Bilingualism

The ability of an individual to speak and understand two languages.

Pragmatics

The field of linguistics that focuses on how language is used within social situations and how individuals generate and understand meanings via language.