Interest Only (IO) Strips Definition -

Interest only (IO) strips are a financial product created by separating the interest and principal streams of a debt-backed security. Treasury STRIPS are bonds that are sold at a discount to face value and pay no interest. Investors receive the full face value when the bonds mature.

[index] [16654] [29004] [15827] [2232] [18375] [17404] [17349] [16468] [16621] [12232]