reverse TAC tranche — The opposite of a TAC tranche. Bonds created in scheduled pay CMO structures. A reverse TAC tranche is structured to avoid prepayment volatility. Each TAC has a designated target speed. When prepayments fall below the targeted speed, excess cash… … Financial and business terms
targeted amortization class (TAC) tranche — Bonds created in scheduled pay CMO structures. A TAC tranche is structured to avoid prepayment volatility. Each TAC has a designated target speed. When prepayments exceed the targeted speed, the excess cash flow is diverted to other tranches in… … Financial and business terms
TAC bonds — Targeted Amortization Class (TAC) bonds bonds offered as a tranche class of some CMOs , according to a sinking fund schedule. They differ from PAC bonds whose amortization is guaranteed as long as prepayments on the underlying mortgages do not… … Financial and business terms
targeted amortization class tranche — targeted amortization class (TAC) tranche Bonds created in scheduled pay CMO structures. A TAC tranche is structured to avoid prepayment volatility. Each TAC has a designated target speed. When prepayments exceed the targeted speed, the excess… … Financial and business terms
Companion Tranche — A class of tranche found in planned amortization class (PAC) and targeted amortization class (TAC) collateralized mortgage obligations (CMOs) that absorbs variable prepayment rates. The companion trache is so named because it is designed to… … Investment dictionary
companion tranche — A specific tier or segment of REMIC security. A REMIC tranche that is structured to absorb a disproportionate amount of the volatility caused by variations in the prepayments of the underlying collateral. Companion tranches are created to be more … Financial and business terms
contraction bonds — See reverse TAC tranche … Financial and business terms
Collateralized mortgage obligation — Financial markets Public market Exchange Securities Bond market Fixed income Corporate bond Government bond Municipal bond … Wikipedia
Pierre Raoul — Pour les articles homonymes, voir Raoul. Pierre Raoul est un affichiste, graphiste et peintre français, né le 6 juin 1929 à Clichy la Garenne (Hauts de Seine) et mort en 2008. Pendant un demi siècle, il a mis son talent au service des… … Wikipédia en Français
Cuisine maltaise — Historiquement, la cuisine maltaise est une cuisine insulaire faite à base de produits locaux. Cependant, de tous temps, des échanges ou des importations ont permis d en diversifier les composants. C’est aussi une cuisine typiquement… … Wikipédia en Français
