principal-only (PO) strip
mortgage security consisting of the principal portion of stripped mortgage-backed securities .
principal-only strip (P/O)
A form of stripped mortgage-backed security that only passes principal payments received from the underlying mortgage loans to the security owners. May be a REMIC tranche.
prior service costs ...
Principal-only (PO)
A mortgage-backed security (MBS) whose holder receives only principal cash flows on the underlying mortgage pool.
The principal-only portion of a stripped MBS. For PO securities, all of the principal distribution due from the underlying collateral pool is paid to the registered holder of the stripped MBS based on the current face value of the underlying ...
(1) Securities backed by a pool of mortgage loans. Among the various types are principal-only mortgage-backed securities.
(2) Bonds which are a general obligation of the issuing institution but are also collateralized by a pool of mortgages.
A debt instrument with its principal and interest denominated in U.S. dollars, but with principal repayment depending on the exchange rate of the U.S. dollar against a foreign currency.
Principal-only (PO) ...
A security composed of only interest payments is known as an interest-only or IO security. A security composed of just principal repayments is known as a principal-only or PO security. Both IOs and POs are forms of Derivative Securities.
 See also: Banks, Values, Prepayment, Mortgage pool, Prepayments
  
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