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Class

• Is the total of all options of the same type, put or call, which have the same expiration date.

 
 Embedded terms in definition
 Call
Expiration date
Expiration
Options
Put
Type
 
 Referenced Terms
 Collateralized mortgage obligation: Is a complex bond structure which reallocates interest and principal payment streams. These tranches, which are often designated as A to Z pieces or securities, are engineered from mortgage backed securities used as the underlying collateral. Collateralized Mortgage Obligations come in many shapes and sizes and are often viewed as unique constructions. Some of the more commonly named tranches are: Interest Only, Principal Only, Floater, Inverse Floater, Planned Amortization Class, Support, Scheduled, Sequential, Targeted Amortization Class, and Z or Accrual Bond. Often, many of these securities contain option characteristics. Related structures are Collateralized Bond Obligations and Collateralized Loan Obligations.Abbreviated CMO. A security backed by a pool of pass-throughs, structured so that there are several Classes of bondholders with varying maturities, called tranches. The principal payments from the underlying pool of pass-through securities are used to retire the bonds on a priority basis as specified in the prospectus. Related: mortgage pass-through securityA Collateralized Mortgage Obligation (CMO) is a vehicle that repackages the cashflows in a way that redistributes prepayment risk.

 Common stock: These are securities that represent equity ownership in a company. Common shares let an investor vote on such matters as the election of directors. They also give the holder a share in a company's profits via dividend payments or the capital appreciation of the security.A share of ownership in a corporation; stockholders participate in the profits or losses of a company through dividends and changes in the stock s market price.Is the shareholder's equity stake in a corporation. Sometimes, there are different Classes of stock that may have greater or lesser voting rights than the ordinary common shares. For many years the New York Stock Exchange only permitted one class of common stock for a listed corporation.A Class of stock in a company, normally with voting rights. Corporations may have several classes of common stock, as well as Preferred Stock, or they may have a single class of common stock. Common stockholders are on the bottom of the ladder in a corporation's ownership structure, and have rights to a company's assets only after bond holders, preferred shareholders and other debt holders have been satisfied.

 Common stock: These are securities that represent equity ownership in a company. Common shares let an investor vote on such matters as the election of directors. They also give the holder a share in a company's profits via dividend payments or the capital appreciation of the security.A share of ownership in a corporation; stockholders participate in the profits or losses of a company through dividends and changes in the stock s market price.Is the shareholder's equity stake in a corporation. Sometimes, there are different Classes of stock that may have greater or lesser voting rights than the ordinary common shares. For many years the New York Stock Exchange only permitted one class of common stock for a listed corporation.A Class of stock in a company, normally with voting rights. Corporations may have several classes of common stock, as well as Preferred Stock, or they may have a single class of common stock. Common stockholders are on the bottom of the ladder in a corporation's ownership structure, and have rights to a company's assets only after bond holders, preferred shareholders and other debt holders have been satisfied.

 Companion: Is a bond engineered to support or uphold Planned Amortization Class (PAC) and Targeted Amortization Class securities. Also, referred to as a Support Bond.

 Floating lien: General lien against a company's assets or against a particular Class of assets.

 
 Related Terms
 Planned amortization class
Targeted amortization class

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