AUXILIARY JOURNAL is a journal in which accounting information is stored both before and after the transfer to the General Ledger.
OFF-FRONT PAYMENT see UP-FRONT PAYMENT.
SECURITIZATION is the process of creating a pass-through, such as the mortgage pass-through security, by which the pooled assets become standard securities backed by those assets. Also, refers to the replacement of non-marketable loans and/or cash flows provided by financial intermediaries with negotiable securities issued in the public capital markets.
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