首页 > Term: Separate Trading of Registered Interest and Principal Securities (STRIPS)
Separate Trading of Registered Interest and Principal Securities (STRIPS)
Long-term notes and bonds divided into principal and interest-paying components, which may be transferred and sold in amounts as small as $1000. STRIPS are sold at auction at a minimum par amount, varying for each issue. The amount is an arithmetic function of the issue's interest rate.
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- Jessehe
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