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  • April 17, 2021
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NSJ Bond

It stands for non-sticky jump bond; a collateralized mortgage obligation that may change priority to receive principal if certain conditions are present. The principal paydown will be changed on the occurrence of one or more triggering events. Each time the trigger condition is met, the bond changes its priority for receiving principal, whilst it reverts to its old priority for each payment date that the trigger condition is not met.


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