A collateralized mortgage obligation (CMO) that converts a long-term mortgage product with irregular and unstable cash flows into short, medium,…

A collateralized mortgage obligation (CMO) that converts a long-term mortgage product with irregular and unstable cash flows into short, medium,…

A bond that contains a provision stipulating or allowing the systematic amortization/ retirement of outstanding debt (notes, bonds, preferred stocks,...

A required periodical (usually annual) payment that is designed to amortize a bond or preferred stock issue. In other words,...

A bond that contains a provision stipulating or allowing the systematic amortization/ retirement of outstanding debt (notes, bonds, preferred stocks,...

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