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Strip |
: a security traded separately from another after stripping
specif
: a derivative mortgage-backed security created by the segregation of cash flow from the underlying mortgages or other mortgage-backed securities and entitling the investor to a specified percentage (as 100 percent) of the interest or principal paid
Definition - Transitive Verb
: to divide (a debt security) into separately traded securities entitling the owner usu. to either principal or interest alone from the obligation
| 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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