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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.


Related Terms

asset stripper -  More

I/O strip -  More

principal-only strip -  More

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strip is ...

... part of the Bonds subject.

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