Interest Only Security means any security that by its terms provides for periodic payments of interest and does not provide for the repayment of a stated principal amount.
Interest Only Security. Any obligation or security that does not provide in the related Underlying Instruments for the payment or repayment of a stated principal amount in one or more installments on or prior to its stated maturity.
Interest Only Security means any interest, including servicing fees, retained by a Conseco Finance Entity relating to the sale or securitization of loans, leases, receivables or installment contracts, which constitutes either an interest only security or a servicing right asset in accordance with GAAP.
Examples of Interest Only Security in a sentence
Interest Only Security: Any obligation or security that does not provide in the related Underlying Instruments for the payment or repayment of a stated principal amount in one or more installments on or prior to its stated maturity.
If Executive becomes eligible for such coverage and fails to timely inform the Company, theCompany will be entitled to recover from him all premiums paid on his behalf hereunder.
More Definitions of Interest Only Security
Interest Only Security means any Collateral Debt Security that does not provide for payment or repayment of a stated principal amount in one or more installments on or prior to the date two Business Days prior to the Stated Maturity of the Notes.
Interest Only Security means any Asset-Backed Security that does not provide for the repayment of a stated fixed amount of principal in one or more installments.
Interest Only Security means any asset that by its terms provides for periodic payments of interest on a notional amount and does not provide for the repayment of a principal amount.
Interest Only Security means any interest, including servicing fees, retained by Conseco Finance relating to the sale or securitization of loans, leases, receivables or installment contracts, which constitutes either an interest only security or a servicing right asset in accordance with GAAP.
Interest Only Security means a security that is structured to provide for the payment of interest but no principal.
Interest Only Security means any Underlying Asset that does not provide for payments of principal and does not provide for the payment or repayment of a stated principal amount or provides for a de minimis principal amount relative to the interest rate thereon.
Interest Only Security means any obligation or security that does not provide in the related Underlying Assets for the payment or repayment of a stated principal amount in one or more installments on or prior to its stated maturity.