An advantage of pooling receivables is the ability to offer debt instruments with varying degrees of risk and return. Instead of passing the average monthly payment of 100 homeowners to 100 bondholders, the bonds can be divided up into risk tranches.
DEFINITION of 'Toronto Stock Exchange - TSX'. The Toronto Stock Exchange (TSX) is the largest stock exchange in Canada. It was established in 1852 and formally incorporated in 1878. The exchange is headquartered on Bay Street in Toronto; it is owned and operated by the TMX Group. TMX is owned by Maple Group Acquisition Corporation.
Trex Decking. Trex is the leading brand of alternative decking, railing, and trim products designed to maximize your outdoor living experience. Trex Company created the composite decking category and revolutionized the industry. Since then, Trex has inspired many imitators, but they still can't match the enduring quality and beauty of Trex. In the end, there is only one genuine Trex. Choose from several styles & colors.