A tranche that comes with the lowest priority amongst the entire set of tranches constituting a securitized structure (CMBS structure,...

It stands for first-loss piece or first-loss position; a tranche that comes with the lowest priority amongst the entire set...

A tranche that comes with the lowest priority amongst the entire set of tranches constituting a securitized structure (CMBS structure,...

A tranche that comes with the lowest priority amongst the entire set of tranches constituting a securitized structure (CMBS structure,...

A tranche (specifically, a Z-tranche) that may receive principal repayments before other tranches with specific precedence order, and even if...

A tranche (specifically, a Z-tranche) that may receive principal repayments before other tranches with specific precedence order, and even if...

A tranche that constitutes a special class of principal only (PO) tranches embedded in a securitized product (e.g., CMOs) with...

It stands for super principal only tranche; a tranche that constitutes a special class of principal only (PO) tranches embedded in...

It stands for zero-coupon tranche; an alternative term for principal only tranche; a tranche, part of an IO/ OP structure,...

An alternative term for principal only tranche; a tranche, part of an IO/ OP structure, that receives only the principal...