Separate Trading of Registered Interest and Principal Securities
- Separate Trading of Registered Interest and Principal Securities
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long-term notes and bonds divided into principal and interest-paying components, which may be transferred and sold in amounts as small as $1000. STRIPS are sold at auction at a minimum par amount, varying for each issue. The amount is an arithmetic function of the issue's interest rate. Bloomberg Financial Dictionary
Financial and business terms.
2012.
Look at other dictionaries:
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