A provision in a debt agreement/ loan (e.g., mortgage or deed of trust, obligation) that stipulates that, in case of...

It stands for conditional prepayment yield; a measure of prepayment speed in asset backed securities (ABS) and other specific structures/...

A measure of prepayment speed in asset backed securities (ABS) and other specific structures/ instruments (CMBS). This measure relates to...

It stands for conditional prepayment rate or constant prepayment rate; the annualized percentage of an existing mortgage pool that is...

The annualized percentage of an existing mortgage pool that is expected to be prepaid in a year. It is an...

The annualized percentage of an existing mortgage pool that is expected to be prepaid in a year. It is an...

It stands for absolute prepayment speed; the monthly prepayment (in relation to an ABS (asset backed security) or a loan...

The monthly prepayment (in relation to an ABS (asset backed security) or a loan or lending arrangement or similar structure/...

The cost-adjusted weighted- average coupon (WAC) of a pool of mortgages that backs a security. Net WAC reflects the investor's...

It stands for net weighted average coupon; the cost-adjusted weighted- average coupon (WAC) of a pool of mortgages that backs...