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Net Weighted Average Coupon

The cost-adjusted weighted- average coupon (WAC) of a pool of mortgages that backs a security. Net WAC reflects the investor's...

Net WAC

It stands for net weighted average coupon; the cost-adjusted weighted- average coupon (WAC) of a pool of mortgages that backs...

Gross Weighted Average Coupon

The actual weighted- average coupon (WAC) of a pool of mortgages that backs a security. Gross WAC reflects the investor's...

Gross WAC

It stands for gross weighted average coupon; the actual weighted- average coupon (WAC) of a pool of mortgages that backs...

Fixed-Strip Interest Only

An interest-only (IO) which entitles its holder to receive a fixed coupon stripped off a collateral weighted average coupon (WAC)....

Fixed Strip IO

An interest-only (IO) which entitles its holder to receive a fixed coupon stripped off a collateral weighted average coupon (WAC)....

Weighted Average Coupon

In general, it refers to the weighted average of the coupon payable on the liabilities of an issuer (debt issuer)....

WAC

It stands for weighted average coupon. In general, it refers to the weighted average of the coupon payable on the...

WAC Interest Only

An interest only (IO) (from a fixed-rate mortgage) which allows bondholders to receive a fixed coupon while the amount of...

WAC IO

An interest only (IO) (from a fixed-rate mortgage) which allows bondholders to receive a fixed coupon while the amount of...