PO

principal-only strip ( P/O, PO)

A form of stripped mortgage-backed security that only passes principal payments received from the underlying mortgage loans to the security owners. May be a REMIC tranche. American Banker Glossary

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See: principal only

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PO PO [ˌpiː ˈəʊ ǁ -ˈoʊ]

written abbreviation for postal order; post office

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PO UK US noun [C]

► WRITTEN ABBREVIATION for POST OFFICE(Cf. ↑post office): »

I took the cheque to my local PO.

► MONEY WRITTEN ABBREVIATION for POSTAL ORDER(Cf. ↑postal order): »

If a crossed PO has a name printed, then it can only be paid into that person's account.