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...

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

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

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