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Accrual Tranche

The last tranche in a collateralized mortgage obligation (CMO). Periodic interest accrues on an accrual tranche but no cash payments...

Accrual Bond

A tranche of a collateralized mortgage obligation (CMO) that accrues by adding the interest amount to the face value of...

Z-Tranche

The last tranche in a collateralized mortgage obligation (CMO). Periodic interest accrues on a Z-tranche but no cash payments will...

Z-Bond

An tranche of a collateralized mortgage obligation (CMO) that accrues by adding the interest amount to the face value of...