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Previously Issued
Refers to securities or stocks that have been issued in the past and are currently being traded in secondary markets.
Mortgage Pass-Through Securities
Investment products that pool mortgage loans and pass the principal and interest payments from borrowers to investors periodically.
Mortgage Portfolio
A collection of mortgage loans held by a financial institution or investor.
Credit Swap
A financial derivative contract allowing two parties to exchange streams of interest payments or commodity flows for a set period, based on a predetermined notional principal amount.
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