Tranche

Business / Real Estate / Tranche: A series of bonds issued for a CMO.

PAC Bond

Business / Finance / PAC Bond: Stands for Planned Amortization Class bond. A tranche class offered by some CMOs that has a sinking fund schedule and an ability to make principal payments that are not subordinated to other classes. MORE

Collateralized Mortgage Obligation (CMO)

Business / Finance / Collateralized Mortgage Obligation (CMO): Investment-grade bonds backed by a collection of junk bonds with different levels of risk, called tiers, that are determined by the quality of junk bond involved. CBOs backed by highly risky junk bond MORE

Mortgage-Backed Security

Business / Taxes / Mortgage-Backed Security: Mortgage-backed securities are created when the sponsor buys up mortgages from lenders, pools them, and packages them for sale to the public, a process known as securitization. The securities are avai MORE

Collection

Business / Finance / Collection: A security backed by a pool of pass-through rates , structured so that there are several classes of bondholders with varying maturities, called tranches. The principal payments from the underlying poo MORE

Transaction

Business / Accounting / Transaction: Two or more entries made in a journal which when looked at together reflect an original document such as a sales invoice or purchase receipt. MORE

Bull-Bear Bond

Business / Finance / Bull-Bear Bond: Bond whose principal repayment is linked to the price of another security. The bonds are issued in two tranches: In the first tranche repayment increases with the price of the other security, and in t MORE

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