The financial definition for Ginnie Mae pass through:
A security guaranteed by the Government National Mortgage Association that is backed by a collection of mortgages, in which the investor receives the interest and principal payments of participating homeowners.
Bidding through the market
Bidding through the market In the context of general equities, aggressive willingness to purchase a security at a premium to the inside market. Contrast with bidding buyer.
Conventional pass throughs
Conventional pass throughs Also called private-label pass-throughs, any mortgage pass-through security not guaranteed by government agencies. Compare agency pass-throughs.
Flow through basis
Flow through basis An account for an investment credit to show all income statement benefits of the credit in the year of acquisition, rather than spreading them over the life of the asset.