A debenture that does not carry a specific rate of interest (and hence, it is known as zero coupon). As...

A debenture that is issued bearing a specific interest rate. The coupon rate is specified in the issue, and can...

A mortgage backed security (MBS) that is stripped (split) into two components: principal only (PO) strips and interest only (IO)...

An acronym for stripped mortgage backed security; a mortgage backed security (MBS) that is stripped (split) into two components: principal...

A mortgage backed security (MBS) that is stripped (split) into two components: principal only (PO) strips and interest only (IO)...

A sort of capital that is formed from, and consists of, both equity and debt components. In other words, it...

A strip that represents the non-principal portion of the regular payments on the underlying receivables. This constitutes a contractual right...

A strip that represents the non-principal portion of the regular payments on the underlying receivables. This constitutes a contractual right...

A financial structure/ product that is constructed by isolating the interest payment steam a debt security (debt-backed security) from the...

A financial structure/ product that is constructed by isolating the interest payment steam a debt security (debt-backed security) from the...