STRIP
Legal definition for Indian law research
Definition
STRIP
pl: STRIPs
[separate trading of registered interest and principal of securities]
: a Treasury security that entitles the investor usually 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
Definitions are for legal research. Always verify meaning in the context of the statute, judgment, or jurisdiction cited.