Meaning accretion bond
What does accretion bond mean? Here you find 2 meanings of the word accretion bond. You can also add a definition of accretion bond yourself
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accretion bondOften the last tranche in a CMO, the accretion bond, or Z-tranche, receives no cash payments for an extended period of time until the previous tranches are retired. While the other tranches are outstanding, the Z-tranche receives credit for periodic interest payments that increase its face value but are not paid out. When the other tranches are ret [..]
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accretion bondOften the last tranche in a CMO, the accretion bond, or Z-tranche, receives no cash payments for an extended period of time until the previous tranches are retired. While the other tranches are outsta [..]
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