The sale of an asset at less than its market value (or intrinsic value) in order to obtain funds as...

A collateralized mortgage obligation (CMO) in which principal payment allocation is based on the value of a specific index. In...

It stands for graduated payment mortgage; a fixed rate mortgage that entails low payment (of interest and repayment of principal) in...

A fixed rate mortgage that entails low payment (of interest and repayment of principal) in the early years, and thereafter...

A fixed rate mortgage that entails low payment (of interest and repayment of principal) in the early years, and thereafter...

An equity that has a negative value. This situation arises when an asset is worth less than the money used...

The pooling and repackaging of economic assets such as loans, bonds, and mortgages, in order to reallocate risks and obtain...

The last tranche in a collateralized mortgage obligation (CMO). Periodic interest accrues on a Z-tranche but no cash payments will...

An tranche of a collateralized mortgage obligation (CMO) that accrues by adding the interest amount to the face value of...

A mortgage debt instrument that features long-term coupons but with short maturity. Typically, super sinkers are housing bonds (single-family housing...