The annualized percentage of an existing mortgage pool that is expected to be prepaid in a year. It is an...
It stands for absolute prepayment speed; the monthly prepayment (in relation to an ABS (asset backed security) or a loan...
The monthly prepayment (in relation to an ABS (asset backed security) or a loan or lending arrangement or similar structure/...
The cost-adjusted weighted- average coupon (WAC) of a pool of mortgages that backs a security. Net WAC reflects the investor's...
It stands for net weighted average coupon; the cost-adjusted weighted- average coupon (WAC) of a pool of mortgages that backs...
The actual weighted- average coupon (WAC) of a pool of mortgages that backs a security. Gross WAC reflects the investor's...
It stands for gross weighted average coupon; the actual weighted- average coupon (WAC) of a pool of mortgages that backs...
It stands for first-loss piece or first-loss position; a tranche that comes with the lowest priority amongst the entire set...
With respect to a series of bonds, a bond or debt security whose class is subordinated to other securities (of...
It stands for collateralized debt obligation trust preferred security; a collateralized debt obligation (CDO) that is backed by a portfolio...