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IO Strips Receivable

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

Interest-Only Strips Receivable

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

IO Strip

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

Interest Only Strip

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

Leap Day Effect

The financial or economic effect of the leap day in a calendar year. A leap year has 366 days, rather...

CEIO

It stands for credit-enhancing interest only strip; an I/O strip (interest only strip) that serves as a credit enhancer (credit...

CE IO

It stands for credit-enhancing interest only strip; an I/O strip (interest only strip) that serves as a credit enhancer (credit...

Credit-Enhancing Interest Only Strip

An interest only strip that serves as a credit enhancer (credit enhancement). A credit-enhancing interest-only strip (I/O) is an on-balance...

Credit-Enhancing I/O Strip

An I/O strip (interest only strip) that serves as a credit enhancer (credit enhancement). A credit-enhancing interest-only strip (I/O) is...

Passive Exchange Traded Fund

A type of exchange traded fund (ETF) that invests in listed securities in a bid to mimic the performance of...