Financial and business terms. 2012.
Interest Only (IO) Strips — The interest portion of mortgage, Treasury or bond payments, which is separated and sold individually from the principal portion of those same payments. The periodic payments of several bonds can be stripped to form synthetic zero coupon bonds.… … Investment dictionary
Principal Only Strips - PO — A type of fixed income security where the holder is only entitled to receive regular cash flows that are derived from incoming principal repayments on an underlying loan pool. The loan is often a pool of mortgages in the form of a mortgage backed … Investment dictionary
Interest rate derivative — An interest rate derivative is a derivative where the underlying asset is the right to pay or receive a (usually notional) amount of money at a given interest rate.The interest rate derivatives market is the largest derivatives market in the… … Wikipedia
Earnings before interest, taxes, depreciation and amortization — (EBITDA) is a non GAAP metric that can be used to evaluate a company s profitability.::EBITDA = Operating Revenue – Operating Expenses + Other RevenueIts name comes from the fact that Operating Expenses do not include interest, taxes, or… … Wikipedia
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
SMBS — 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
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
IOs — UK US noun [plural] FINANCE ► INTEREST ONLY STRIPS(Cf. ↑interest only strips): »Making money on IOs was possible even though interest rates fell last year … Financial and business terms
literature — /lit euhr euh cheuhr, choor , li treuh /, n. 1. writings in which expression and form, in connection with ideas of permanent and universal interest, are characteristic or essential features, as poetry, novels, history, biography, and essays. 2.… … Universalium
United States — a republic in the N Western Hemisphere comprising 48 conterminous states, the District of Columbia, and Alaska in North America, and Hawaii in the N Pacific. 267,954,767; conterminous United States, 3,022,387 sq. mi. (7,827,982 sq. km); with… … Universalium
