strip
Definition
Bond, usually issued by the U.S. Treasury, whose two components, interest and repayment of principal, are separated and sold individually as zero-coupon bonds. Strip is an acronym for Separate Trading of Registered Interest and Principal of Securities.
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Related Terms
asset stripper, I/O strip
'strip
' appears in the definitions of these terms on BusinessDictionary.comprimary account number (PAN), STRIPS, continuous casting, electrical steels, strip financing, and 
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