• Is a bond engineered to support or uphold Planned Amortization Class (PAC) and Targeted Amortization Class securities. Also, referred to as a Support Bond.
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Planned amortization class
Targeted amortization class
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| ||Support: Is a bond engineered to counterbalance or uphold Planned Amortization Class, Targeted Amortization Class or other superior bonds in a deal. Also, referred to as a Companion Bond.|
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