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 bond (tranche) that receives the excess interest (difference between the coupon rate on the underlying tranches and the...

An interest-only bond (tranche) that receives the excess interest (difference between the coupon rate on the underlying tranches and the...