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

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...

A securitized product (a type of collateralized debt obligations – CDOs) that originates obligations collateralized or backed by a pool...

A tranche that is created from the collateral tranche (in a CMO structure), and whose coupon rate is inversely related...