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.
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Bulk Test Pack
Bulk Real Estate Investing Terms
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