index amortizing note

index amortizing note
index amortizing note ( IAN)
Securities which repay principal according to a predetermined amortization schedule that is linked to the level of a specific index or a specific prepayment rate. As market interest rates increase or prepayment rates decrease, the maturity of an IAN extends. An IAN is a type of structured note. American Banker Glossary

Financial and business terms. 2012.

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