Interest-Only Strip Law and Legal Definition
Interest-only strip is a security in which an investor receives only the interest portion of monthly mortgage payments on a group of mortgages. It is a derivative security that consists of all or part of the portion of interest in the underlying loan or security. The interest-only strip is popular with insurance companies, mutual funds, and securities firms.
Legal Definition list
- Interest-Only Mortgage
- Interest-Equalization Tax
- Interest Suit
- Interest Short
- Interest Republicae Ne Maleficia Remaneant Impunita
- Interest-Only Strip
- Interested Copyright Party
- Interested Governmental Participant
- Interested Person (Guardianship)
- Interested Person (Probate)
- Interests in Real Property [Internal Revenue]
