Refers to the securitization structure where the SPV makes payments, or rather, passes payments to the investors, on the same periods, and subject to the same fluctuations, as are there in the actual receivables That is to say, amount collected every month is passed through to investors, after deducting fees and expenses Compare with pay through
Lines advance moving slightly to the left to pass the other line by right shoulders to face a new line If arches are used the couples moving towards the band arch, the others drop hands