Stripped Mortgage-Backed Securities (SMBSs)

Stripped Mortgage-Backed Securities (SMBSs)
A kind of mortgage backed securities where cash flows are split into two components – principal repayment and interest repayment. This increases the level of customization that investors can get from these securities.

Random Finance Terms for the Letter S

  • Street Name
  • Strike Index
  • Strike Price
  • Strip Mortgage Participation Certificate (Strip PC)
  • Stripped Bond
  • Stripped Mortgage-Backed Securities (SMBSs)
  • Strip Strap
  • Strong-Form Efficiency
  • Structured Arbitrage Transaction
  • Structured Debt