Kommers (iou) and Targeted Amortization Class (TAC) bonds (finance)

Kommers (iou)

Kommers noun. . M19.
[German from Latin commercium: see COMMERCE noun.]
A social gathering of German students.

Targeted Amortization Class (TAC) bonds (finance)

Bonds offered as a tranche class of some CMOs, according to a sinking fund schedule.

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