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.

Use strip in a sentence

You may want to find a strip that you think is reliable when you want to find a safe place to invest.

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The strip T bond issued by the federal government was part of our investment strategy to earn a low risk interest payment.

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When I bought my brother a strip for his 18th birthday, he was disappointed because he thought that it was actually a stripper.

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