Bulk Test Pack

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  1. Assets:
    Anything of value. Any interest in real or personal property which can beappropriated for the payment of debt.
  2. Accrual bond:
    See “Z-tranche.
  3. Accrued interest:
    Interest deemed to be earned on a security but not yet paid to the investor.
  4. Active Tranche:
    A CMO tranche that is currently paying principal payments to investors.
  5. Amortization:
    Liquidation of a debt through installment payments.
  6. Average Life:
    On a mortgage security, the average time to receipt of each dollar of principal, weighted by the amount of each principal prepayment, based on prepayment assumptions.
Author
ID
23510
Card Set
Bulk Test Pack
Description
Bulk Real Estate Investing Terms
Updated
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