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...

A tranche, in a securitized structure, that receives only the interest payments on the underlying collateral (e.g., MBS, MBO, etc.)...

It stands for interest only tranche; a tranche, in a securitized structure, that receives only the interest payments on the...

An interest-only tranche (IO tranche) whose cashflows are “stripped” from the excess interest derived from senior and subordinate classes of...

It stands for levered interest only; an interest-only tranche (IO tranche) whose cashflows are “stripped” from the excess interest derived...

It stands for component interest only; a type of CMBS (commercial mortgage-backed security) that is formed by combining a weighted...

It stands for structured interest only; an interest-only bond (tranche) that receives the excess interest (difference between the coupon rate...