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Io

• See Interest Only.

 
 Embedded terms in definition
 Interest only
Interest
 
 Referenced Terms
 Interest only strip: Abbreviated Io. A security based solely on the interest payments form a pool of mortgages, Treasury bonds, or other bonds. Once the principal on the mortgages or bonds has been repaid, interest payments stop and the value of the IO falls to zero.

 
 Related Terms
 Io ette or ioette

<< Involuntary reorganization Io ette or ioette >>

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It is not good enough to have a good mind; the main thing is to use it well. - Rene Descartes

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