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Government National Mortgage Association Pass-Through Certificates

Government National Mortgage Association Pass-Through Certificates definition - finance
These are debt securities that are collateralized by residential mortgage debt whose payment of interest and principal is guaranteed by GNMA, which is commonly called Ginnie Mae.

Webster's New World Finance and Investment Dictionary Copyright © 2003 by Wiley Publishing, Inc., Indianapolis, Indiana.
Used by arrangement with John Wiley & Sons, Inc.

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