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Anything of value. Any interest in real or personal property which can beappropriated for the payment of debt.
Interest deemed to be earned on a security but not yet paid to the investor.
A CMO tranche that is currently paying principal payments to investors.
Liquidation of a debt through installment payments.
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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