interest-only strips

interest-only strips
interest-only strips UK US noun [plural] (ABBREVIATION IOs) FINANCE
the interest payments on bonds and mortgages (= loans to buy houses), sold and traded separately from the principal (= amount originally lent)

Financial and business terms. 2012.

Игры ⚽ Поможем сделать НИР

Look at other dictionaries:

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  • stripped mortgage-backed securities — ( SMBSs) Mortgage securities that separate principal and interest payments from the underlying mortgage backed securities. SMBSs can take four forms: interest only strips, called I/O strips; principal only strips, called P/O strips; discount… …   Financial and business terms

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  • SMBSs — stripped mortgage backed securities (SMBSs) Mortgage securities that separate principal and interest payments from the underlying mortgage backed securities. SMBSs can take four forms: interest only strips, called I/O strips; principal only… …   Financial and business terms

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