companion bond

companion bond

In a collateralized mortgage obligation, a class of bonds most likely to be retired early from mortgage prepayments. Companion bonds entail more payment risk and generally offer higher returns compared to other bonds from a CMO.
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Disadvantages: lower yield, protection varies with characteristics of companion bond.
According to the MVMA website, the organization has given merit awards since 1996 to "recognize outstanding contributions by individuals to their family, community, or profession in the areas of: human-animal companion bond, public relations, colleagues, humane endeavors or animal welfare.
Mike Huckabee, head cheerleader for this and a companion bond proposal for higher education infrastructure, was overly confident when he predicted there would be no organized opposition.
Last year's winner Bond Boy (8st 10lb) could attempt to retain his crown and may be joined by his stable companion Bond Becks (8st 9lb).
Owner Reg Bond had a boost, ahead of 2,000 Guineas sixth Monsieur Bond's possible return to Newmarket tomorrow, when his colt's galloping companion Bond Millennium returned from a seven-week layoff to land the classified stakes.
Companion bonds, which receive payments only after the PAC schedule is met, are particularly risky.

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