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Midget is a term for a person of unusually short stature that is considered by some to be pejorative. Contents. [hide]. 1 Description; 2 History; 3 See also.
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midget (plural midgets). (originally) A little sandfly. Although tiny and just two- winged, midgets can bite you till you itch all over your unprotected skin. (loosely) .
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Description:These loans comprise the underlying asset and provide cash flow for the securities. Because the principal and interest of the underlying loans pass through to the investor, MBS are pass-through investments. Bondholders receive a monthly pro-rata principal and interest distribution over the life of the investment. MBS have maturities up to 30 years. Each MBS has an average life , or estimated time until the last principal payment. Average life depends on changes in principal payments that are affected by interest rates and the rate at which mortgage holders prepay loans.