Index Amortizing Note


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Index Amortizing Note

A debt security that is structured to increase its maturity when prevailing interest rates are rising, and shorten it when they are falling. Thus, IANs are structured to protect holders from interest rate risk. See also: Collateralized mortgage obligation.
References in periodicals archive ?
The bulletin also describes the most common types of structured notes, including step-up bonds, index amortizing notes, dual index notes, deleveraged bonds, range bonds and inverse floaters.