Separate Trading of Registered Interest and Principal Securities (STRIPS) (money)

Definition: [crh] Long-term notes and bonds divided into principal and interestDefinition: -paying components, which may be transferred and sold in amounts as small as $1000. STRIPS are sold at auction at a minimum par amount, varyiDefinition: ng for each issue. The amount is an arithmetic function of the issue's interest rate.

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Separate Trading of Registered Interest and Principal Securities (STRIPS) (money)

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