STRIPS definition
Examples of STRIPS in a sentence
GRANTOR DOES NOT INTEND TO LIMIT THE OIL, GAS, AND MINERAL INTERESTS IN LANDS IDENTIFIED BY THIS PROVISION TO SMALL PIECES OR STRIPS OF LAND THAT MAY EXIST WITHOUT THE KNOWLEDGE OF ANY ONE OF THE PARTIES TO THIS INSTRUMENT BY REASON OF INCORRECT SURVEYING, CARELESS LOCATION OF FENCES, OR OTHER MISTAKES.
The purchase price for the Additional Shares (the "Additional Purchase Price") shall be an amount equal to (i) the difference between (1) the aggregate proceeds to Purchaser from the sale of the Optional Securities and (2) the aggregate cost to Purchaser, as notified by Purchaser to Seller at the Second Time of Delivery, of the Additional STRIPS, multiplied by (ii) a fraction, the numerator of which is the Firm Share Base Amount and the denominator of which is the number of Firm Securities.
BILLS Yes 102% BONDS Yes 102% NOTES Yes 102% STRIPS No n/a SYNTHETIC TREASURIES No n/a (e.g. CATS, COUGRS, TIGRS) FAMC (Fed Agriculture Mtge Corp) No n/a FCFAC (Farm Credit ▇▇▇▇▇.
QWEST SHALL NUMBER ALL ▇▇▇▇ DESIGNATION STRIPS ------------------ DESCRIBED IN JOB REQUIREMENTS.
Zero coupon U.S. government securities include STRIPS and CUBES, which are issued by the U.S. Treasury as component parts of U.S. Treasury bonds and represent scheduled interest and principal payments on the bonds.