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Banking

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...