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CPC

It stands for callable pass-through certificate; a mortgage security (mortgage-backed security) that is created by splitting a pass-through into two...

Accumulated Dividends

All past unpaid dividends on preferred stock containing a cumulative dividend feature. That means dividend payments on cumulative preferred stock…

ACYN

It stands for auto-callable yield note; a structured note in which the coupon is linked to more than one underlying...

BCLN

A credit linked note (CLN) in which the underlying is a portfolio or basket subject to credit risk. In other…

Callable Pass-Through Security

A mortgage security (mortgage-backed security) that is created by splitting a pass-through into two classes: a callable class and a...

Investment Vehicle

A specific type of investment that is set apart by distinguishing attributes and features in terms of control over its...

Callable Pass-Through

A mortgage security (mortgage-backed security) that is created by splitting a pass-through into two classes: a callable class and a...

Closed Mortgage

A mortgage/ mortgage bond/ home loan that is issued with an indenture disallowing repayment prior to maturity and the re-use...

Mortgage Pass Through Security

A security (a mortgage-backed security, MBS) that is created from pooling mortgages (mortgage loans, as underlying) and sells shares or...

Closed-End Mortgage

A mortgage/ mortgage bond/ home loan that is issued with an indenture disallowing repayment prior to maturity and the re-use...