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STRIP |
[separate trading of registered interest and principal of securities]
: a Treasury security that entitles the investor usu. to payment of interest or principal exclusively and that is registered in a Federal Reserve bank under a federal program that provides for such separate trading of the components of U.S. Treasury obligations
compare zero-coupon bond at bond
| Based on Merriam-Webster's Dictionary of Law ©2001. Merriam-Webster, Incorporated Published under license with Merriam-Webster, Incorporated. http://www.m-w.com |
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intrinsic fraud
fraud (as by the use of false or forged documents, false claims, or perjured testimony) that deceives the trier of fact and results in a judgment in favor of the party perpetrating the fraud
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