INTEREST-ONLY STRIP - A derivative security consisting of all or part of the interest portion of the un...
INTEREST-ONLY STRIP (I/O) - A form of stripped mortgage-backed security (MBS) that only passes interest...
Interest-only strip (IO)
A security based solely on the interest payments form a pool of mortgages, Treasury
bonds, or other bonds. Once the principal on the mortgages or bonds has been repaid, interest payments stop ...
interest-only strip (I/O)
A form of stripped mortgage-backed security (MBS) that only passes interest payments received from the underlying mortgage loans to the security owners. May be a real estate mortgage investment conduit (REMIC) tranche.
See: Interest-only strip
IOC order
See: Immediate or canceled order
IOM ...
In its purest form, the mortgage-backed security is converted into an interest-only strip, where the investor receives 100% of the interest cash flow, and a principal- only strip, in which the investor receives 100% of the principal cash flows.
interest-only strip A security with cash flows based entirely on the monthly interest payments received from a mortgage pool. interim The period between two actions, events, or dates.
 See also: Expense, Reorg, Funding, Debt limitation, Foreign investment
  
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