HomeDefinitionsCompareDebt Guaranteed Mortgage Certificates (GMC)The financial definition for Guaranteed Mortgage Certificates (GMC):First issued by Freddie Mac in 1975, G.M.C.s, like PCs, represent undivided interest in specified conventional whole loans and participations previously purchased by Freddie Mac. Similar MatchesCanceled CertificatesCanceled CertificatesBefore the issuance of a new certificate, the old certificate is presented to the Transfer Agent and is canceled. Certificates of Amortized Revolving Debt (CARD)Certificates of Amortized Revolving Debt (CARD)Pass-through securities backed by credit card receivables. Certificates of Automobile Receivables (CAR)Certificates of Automobile Receivables (CAR)Pass-through securities backed by automobile loan receivables. Further SuggestionsEquipment trust certificatesNegotiable certificates of deposit Participation certificates (PC) Click to compare definitions of Guaranteed Mortgage Certificates (GMC) Click to view definitions beginning gu |