Maturity - Law Dictionary Search Results
collateralized mortgage obligation
: a bond collateralized by a pool of mortgage obligations or pass-through securities and paid according to the maturity and amortization schedule of its class and not directly from the underlying obligations called also CMO see also
intermediate term mortgage
intermediate term mortgage a mortgage loan with a contractual maturity from the time of purchase equal to or less than 20 years. Source: U.S. Department of Housing and
mature
mature ma·tured ma·tur·ing vt : to bring to maturity [a policy matured by the death of the insured] vi : to become due, payable, or enforceable ;specif
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mortgage
be the primary residence, when the borrower dies or some other specified event occurs, or at a fixed maturity date second mortgage : a mortgage lien that is subordinate in priority to a first mortgage called also
note
demand note in this entry Treasury note : a negotiable note issued by the U.S. government with a maturity date of one to ten years from the date of issue called also T-note compare Treasury bill at
prepay
prepay pre·paid pre·pay·ing : to pay or pay the charge on in advance (as of date due or maturity date) [no penalty for ing your student loan] pre·pay·ment n
redeem
purchase price, interest, taxes, and lawful charges. d : to remove the obligation of by payment (as at maturity) [ a bond] 3 a : to present and have redeemed b : to exchange for something of
redeemable
redeemable : capable of being redeemed ;specif : subject to redemption before maturity or after a specified time and usually with payment of an added premium [a bond] [ preferred stock]
accelerate
accelerate -at·ed -at·ing vt : to bring about at an earlier time: as a : to advance (the maturity date of a security agreement) so that payment of the debt in full is due immediately see also
tranche
issue of bonds derived from a pooling of like obligations that is differentiated from other issues esp. by maturity or rate of return b : a bond series issued for sale in a foreign country
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