Examples of Stripped in a sentence
Stripped mortgage-backed securities have greater volatility than other types of mortgage-related securities.
Stripped mortgage-backed securities which are purchased at a substantial premium or discount generally are extremely sensitive not only to changes in prevailing interest rates but also to the rate of principal payments (including prepayments) on the related underlying mortgage assets, and a sustained higher or lower than expected rate of principal payments may have a material adverse effect on such securities' yield to duration.
These securities are not eligible for stripping and reconstitution, see Table V, "Holdings of Treasury Securities in Stripped Form".
Upon such separation, the Normal Units will become Stripped Units.
Unless the certificate of authentication hereon has been executed by the Agent by manual signature, this Stripped Units Certificate shall not be entitled to any benefit under the Pledge Agreement or the Purchase Contract Agreement or be valid or obligatory for any purpose.
Stripped topsoil is to be piled and reused on the site where needed.
Such Contract Adjustment Payments shall be payable to the Person in whose name this Stripped Units Certificate (or a Predecessor Stripped Units Certificate) is registered at the close of business on the Record Date for such Payment Date.
Stripped preferred stock is any stock that meets both of the following tests.
Stripped mortgage-backed securities which are purchased at a substantial premium or discount generally are extremely sensitive not only to changes in prevailing interest rates but also to the rate of principal payments (including prepayments) on the related underlying mortgage assets, and a sustained higher or lower than expected rate of principal payments may have a material adverse effect on such securities’ yield to duration.
Stripped mortgage-backed securities and similar instruments, such as interest- only strips that are not credit-enhancing and principal-only strips.