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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.

 
 Embedded terms in definition
 Amortization
Bond
Class
Planned amortization class
Securities
Support
T bond
Targeted amortization class
 
 Referenced Terms
 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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