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The weighted average of the time until all maturities on mortgages in a mortgage-backed security (MBS). The higher the weighted average to maturity, the lo[阅读全文:]
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A term used to distinguish between an original mortgage loan and a pass-through security.
|||Whole loans are usually larger in size than the [阅读全文:]
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In the mortgage-backed securities market, whole pools refer to mortgage certificates where ownership is represented by an undivided interest in entire p[阅读全文:]
Slang for the Washington Public Power Supply System (WPPSS), which made the record books with the largest municipal bond default in history.
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A line of credit extended by a financial institution to a loan originator to fund a mortgage that a borrower initially used to buy a property. The loan typ[阅读全文:]
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A warrant that can only be exercised if the host asset, typically a bond or preferred stock, is surrendered. Until the call date of the host asset is re[阅读全文:]
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A type of municipal bond that is issued to finance utility projects, such as electrical plants, water systems, sewer systems or any other type of public ut[阅读全文:]
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A future date used in determining the value of a product that fluctuates in price. Typically, you will see the use of value dates in determining the paymen[阅读全文:]
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An insurance contract in which, at the end of the accumulation stage, the insurance company guarantees a minimum payment. The remaining income payments can[阅读全文:]
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A renewable fixed income security with variable coupon rates that are periodically reset.
|||Usually the coupon is set on a weekly basis at a[阅读全文:]