PAC
A class of tranche in a planned amortization class (PAC) bond that receives a primary payment schedule. As long as the actual prepayment rate is between a designated range of prepayment speeds, the life of the PAC tranche will remain relatively stable. This tranche of the PAC bond receives some measure of protection against prepayment risk.
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Hard Sell
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Usury Laws
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An economic status in which actual income is big and is assumed to continue to bolster, causing the general public, huge companies and even public ...
60-Plus Delinquencies
Mortgage loan that is over 60 days past due on their debt payments. These are expressed as a percentage of a group of loans within a given time per ...
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