Stripped bond

Stripped bond
bond that can be subdivided into a series of zero-coupon bonds. ...

Stripped bond
Definition: [crh] Bond that can be subdivided into a series of zero-coupon bonds.

Stripped bonds and stripped coupons
Bonds with the interest coupons removed. Also called "zero-coupon bonds." Strips are the interest coupons themselves.

Stripped Bonds: Bonds issued by investment bankers against coupons or the maturity portion of original bearer bonds, where the original bonds are held in trust by the investment banker.

Also known as "stripped bonds" or "zeros," these securities are similar to regular-paying bonds. The difference is they're deeply discounted, selling for much lower than the par value of the bond.

Ownership interests in specified mortgages purchased
by Freddie Mac from a single seller in exchange for strip PCs representing interests in the same mortgages.
Stripped bond Bond that can be subdivided into a series of zero-coupon bonds.

Strip mortgage participation certificate (strip PC)
Ownership interests in specified mortgages purchased by Freddie Mac from a single seller in exchange for separate instruments representing interests in the same mortgages.
Stripped bond ...

STRIPPED BOND -- Bond or debenture from which the interest coupons have been removed and sold separately.

Also known as a stripped bond. STRIP is an acronym for Separated Trading of Registered Interest and Principal of Securities. In options it is a strategy created by being long in one call and two put options with the exact same strike price.

See also: Zero-coupon bond, Funding, Tranche, Mortgage bond, Sensitivity