A CMO tranche in which the monthly coupon rate is typically set equal to a reference rate such as LIBOR.…

A tranche (specifically, a CMO tranche) that is designed to protect investors from prepayment risk. To that end, it absorbs...

Planned amortization class bond; a tranche of a collateralized mortgage obligation (CMO) that converts a long-term mortgage product with irregular...

It stands for floating rate tranche; a CMO tranche in which the monthly coupon rate is typically set equal to...

A CMO tranche in which the monthly coupon rate is typically set equal to a reference rate such as LIBOR....

A tranche (specifically, a CMO tranche) that is designed to protect investors from prepayment risk. To that end, it absorbs...