It stands for conditional prepayment yield; a measure of prepayment speed in asset backed securities (ABS) and other specific structures/...

A measure of prepayment speed in asset backed securities (ABS) and other specific structures/ instruments (CMBS). This measure relates to...

It stands for conditional prepayment rate or constant prepayment rate; the annualized percentage of an existing mortgage pool that is...

The annualized percentage of an existing mortgage pool that is expected to be prepaid in a year. It is an...

The annualized percentage of an existing mortgage pool that is expected to be prepaid in a year. It is an...

Contraction risk is a type of prepayment risk that is faced by holders of fixed-income securities and other types of...

A type of risk that is associated with loans and loan pools (pooled loans, such as mortgage pools) in the...

The risk that arises from premature repayment (by a borrower to a lender) of the "outstanding" amount of a loan...

Planned amortization class bond; a tranche of a collateralized mortgage obligation (CMO) that converts a long-term mortgage product with irregular...