strip

strip
Variant of a straddle. A strip is two puts and one call on a stock. A strap is two calls and one put on a stock. The puts and calls have the same strike price and expiration date. See: Strap. Bloomberg Financial Dictionary
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In the United Kingdom, it is a security issued in respect of future interest payments on UK Gilt-Edged securities. Euroclear Clearing and Settlement glossary
See gilts, gilt-edged security. Euroclear Clearing and Settlement glossary
Outside of the United Kingdom, it is an interest payment that has been split off the capital sum of a ( government) bond. Euroclear Clearing and Settlement glossary
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For futures, buying ( selling) the strip involves the simultaneous purchase ( sale) of contracts of 4 or 6 consecutive delivery months in the same futures contract. For options, a stock option contract made up of 2 puts and one call. Exchange Handbook Glossary

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I. strip strip 1 [strɪp] noun [countable] FINANCE
1. a security that has been created by separating a bond into the right to interest payments and the right to the repayment of the principal (= the original capital amount). For example, a 30-year bond would create 61 strips, 60 giving the right to receive interest payments every six months and one giving the right to have the capital repaid after 30 years:

• The principal strips yield 8.25% in 2009, and the interest strips mature in February and August of each year.

2. an option contract consisting of two put option S and one call option on the same shares and with the same price and date
  [m0] II. strip strip 2 verb stripped PTandPPX stripping PRESPARTX [transitive] FINANCE
to separate a bond into strips:

• When a bond is stripped, its corpus, or principal due upon maturity, is sold separately without interest payments.

— see also asset-stripping, dividend-stripping

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Ⅰ.
strip UK US /strɪp/ verb [T] (-pp-)
FINANCE to remove the interest payments from a bond and sell them separately from the original bond: »

Certain of these securities may have variable interest rates and others may be stripped.

(also strip sth down) to separate a machine or piece of equipment into separate parts in order to clean or repair it: »

Apprentices are taught how to strip and repair machinery.

See also ASSET-STRIPPING(Cf. ↑asset-stripping)
Ⅱ.
strip UK US /strɪp/ noun [C] (US COMMERCE
a row of stores and small businesses built together along the side of a main road: »

commercial/retail strips

See also MAGNETIC STRIP(Cf. ↑magnetic strip)

Financial and business terms. 2012.

Synonyms:

Look at other dictionaries:

  • strip# — strip vb Strip, divest, denude, bare, dismantle can mean to deprive a person or thing of what clothes, furnishes, or invests him or it. Strip stresses a pulling or tearing off rather than a laying bare, though the latter implication is frequent;… …   New Dictionary of Synonyms

  • Strip — Strip, v. t. [imp. & p. p. {Stripped}; p. pr. & vb. n. {Stripping}.] [OE. stripen, strepen, AS. str?pan in bestr?pan to plunder; akin to D. stroopen, MHG. stroufen, G. streifen.] 1. To deprive; to bereave; to make destitute; to plunder;… …   The Collaborative International Dictionary of English

  • Strip — Студийный альбом Адам Ант Дата выпуска ноябрь 1983 Записан …   Википедия

  • strip — strip1 [strip] vt. stripped, stripping [ME strepen < OE stripan, akin to streifen, to strip off < IE * streub < base * ster , to streak, stroke > STRIKE] 1. to remove (the clothing or covering) of or from (a person); make naked;… …   English World dictionary

  • Strip me? — Saltar a navegación, búsqueda strip me? Álbum de Anna Tsuchiya Publicación 2 de agosto, 2006 Grabación 2005, 2006 …   Wikipedia Español

  • strip — ‘narrow piece’ [15] and strip ‘remove covering’ [13] are distinct words. The former was perhaps borrowed from Middle Low German strippe ‘strap’, and may be related to English stripe [17], an acquisition from Middle Dutch strīfe. A stripling [13]… …   The Hutchinson dictionary of word origins

  • strip — ‘narrow piece’ [15] and strip ‘remove covering’ [13] are distinct words. The former was perhaps borrowed from Middle Low German strippe ‘strap’, and may be related to English stripe [17], an acquisition from Middle Dutch strīfe. A stripling [13]… …   Word origins

  • Strip — Strip, n. 1. A narrow piece, or one comparatively long; as, a strip of cloth; a strip of land. [1913 Webster] 2. (Mining) A trough for washing ore. [1913 Webster] 3. (Gunnery) The issuing of a projectile from a rifled gun without acquiring the… …   The Collaborative International Dictionary of English

  • Strip Me? — Álbum de Anna Tsuchiya Publicación 2 de agosto, 2006 Grabación 2005, 2006 Género(s) J Rock, Punk …   Wikipedia Español

  • Strip Me? — Album par Anna Tsuchiya Sortie 2 août 2006 24 octobre 2006 …   Wikipédia en Français

  • Strip — Strip, v. i. 1. To take off, or become divested of, clothes or covering; to undress. [1913 Webster] 2. (Mach.) To fail in the thread; to lose the thread, as a bolt, screw, or nut. See {Strip}, v. t., 8. [1913 Webster] …   The Collaborative International Dictionary of English

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