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Planned Amortization Class Tranche

A tranche (constituting a type of asset-backed security, ABS) that gives the investors more certain cash flows thanks to its...

PAC Tranche

It stands for planned amortization class tranche; a tranche (constituting a type of asset-backed security, ABS) that gives the investors...

Support Tranche

A tranche (specifically, a CMO tranche) that is designed to protect investors from prepayment risk. To that end, it absorbs...