inverse IO definition

inverse IO means an inverse interest-only security, which is a type of stripped security. These debt securities receive no principal payments and have a coupon rate which has an inverse relationship to its reference index.
View Source
inverse IO means an inverse interest-only security, which is a type of stripped security. These debt securities receive no principal payments and have a
View Source

Related to inverse IO

  • Inverse Floater means trust certificates or other instruments evidencing interests in one or more Municipal Obligations that qualify as S&P Eligible Assets (such Inverse Floaters will also be considered Municipal Obligations and are S&P Eligible Assets), the interest rates on which are adjusted at short-term intervals on a basis that is inverse to the simultaneous readjustment of the interest rates on corresponding floating rate trust certificates or other instruments issued by the same issuer, provided that the ratio of the aggregate dollar amount of floating rate instruments to inverse floating rate instruments issued by the same issuer does not exceed two to one at their time of original issuance and at the time of purchase has a duration that is less than thirteen years.

  • nm means not meaningful.

  • Transverse plane means a vertical plane perpendicular to the median longitudinal plane of the vehicle;

  • Embryo means the organism resulting from the union of a sperm and an ovum from first cell

  • COVID-19 Pandemic means the SARS-Cov2 or COVID-19 pandemic, including any future resurgence or evolutions or mutations thereof and/or any related or associated disease outbreaks, epidemics and/or pandemics.