Money Market Note

Money Market Note

A publicly traded debt security collateralized by a mortgage or a mortgage-backed security. Generally speaking, a money market note is unsecured and uninsured.
References in periodicals archive ?
3 million A-1 money market note class remarketed semiannually.
Once the money market note balance equals zero or the October 1994 distribution date, whichever is later, the remaining notes receive pro-rata distributions of principal and will be entitled to 96 percent of collections.
These material false and misleading statements, made in violation of the Securities Act of 1933, concerned the sale of subordinated money market notes, subordinated debt securities and subordinated debentures (the "ABFI Notes").
The class I-MM notes are money market notes that are remarketed from time to time by the remarketing agent, Banc of America Securities LLC ('A+/F1+' on Rating Watch Negative) and are supported by the put agreement provided by Bank of America N.
The senior tranches of Bluegrass II are rated 'CCC' for term notes and 'C' for money market notes based on the credit quality of the underlying portfolio.
The class A-1 money market notes will receive all principal collections on the loans until paid in full.
EME plans to take the proceeds from this transaction and retire $500 million of money market notes, retire the $500 million 364-day facility, and reduce the $364 million credit revolver (changes to EME's capital structure that will materially reduce EME's short-term liabilities and floating interest rate exposure.
The practical effect of the Internal Revenue Code is that debt instruments (ABFS investment and money market notes are types of debt instruments) which give investors the option to choose how interest earned is to be paid to investors (e.
s secured money market notes, $55,000,000 series A notes and $70,000,000 series B notes, are rated 'AAA' by Fitch IBCA.
The Class A-1 Money Market Notes will be rated A-1+ by Standard & Poor's and P-1 by Moody's.
The class A-1MM notes will be sold as 2(a)7 money market notes, which will have a scheduled maturity date of one-year from the issuance date.
The Senior Class A-1 Money Market Notes will be rated A-1+ by Standard & Poor's and P-1 by Moody's.