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Planned Amortization Class Bond

A tranche of a collateralized mortgage obligation (CMO) that converts a long-term mortgage product with irregular and unstable cash flows...

Accrual Bond

A tranche of a collateralized mortgage obligation (CMO) that accrues by adding the interest amount to the face value of...

Z-Tranche

A tranche that has some similarities to a zero-coupon bond. A Z tranche (zero tranche) consists of Z bonds. By...

XAC Bond

A collateralized mortgage obligation (CMO) in which principal payment allocation is based on the value of a specific index. In...

PAC Bond

Planned amortization class bond; a tranche of a collateralized mortgage obligation (CMO) that converts a long-term mortgage product with irregular...

Z-Tranche

The last tranche in a collateralized mortgage obligation (CMO). Periodic interest accrues on a Z-tranche but no cash payments will...

Z-Bond

An tranche of a collateralized mortgage obligation (CMO) that accrues by adding the interest amount to the face value of...