INTERESTED PARTY Definition

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INTERESTED PARTY is any person that has a real and direct interest in any proceeding or action being proposed or taken.

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MORTGAGE-BACKED SECURITY is a security that returns principal and interest monthly as payments are received on the underlying mortgages. Mortgage-backed securities are made up of individual home mortgages guaranteed by the government and its agencies. The mortgages are packaged into pools by the Government National Mortgage Association (GNMA), the Federal National Mortgage Association (FNMA), the Federal Home Loan Mortgage Corp. (FHLMC) or a nongovernment-affiliated entity. Unscheduled repayment of principal can shorten the maturity of the bonds.

FORM 1065 (Schedule K-1) is the domestic partnership income tax return form used in the U.S.

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