Velma

Pass-Through Security.



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A pass-through security is a type of debt instrument that allows investors to receive payments based on the cash flow of the underlying asset. The payments are made to the investors on a regular basis, and the amount of each payment is determined by the interest rate and principal amount of the underlying asset. Pass-through … Read more

Common Resource.



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A common resource is a natural or man-made resource that is shared by multiple people or groups. Common resources are typically renewable resources, such as air, water, or land. However, they can also be non-renewable resources, such as oil or minerals. The term “common resource” is often used interchangeably with the term “public good”. However, … Read more