coupon stripping

0.02 sec.

coupon stripping

The purchase of ordinary bonds (usually, U.S. Treasury bonds) that are then repackaged such that the receipts to interest and corpus payments are sold separately. The effect is to transform a security paying regular interest into zero-coupon receipts of varying maturities. Sold under a variety of names such as CATS®, LIONS, and TIGR^SM, these investments have proved popular for tax-sheltered accounts such as IRAs. Generic names for them include animals and felines. Also called stripping.

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Treasury Bond Receipts

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coupon clipping
Coupon Equivalent Rate - CER
Coupon equivalent yield
Coupon Equivalent Yield - CEY
Coupon Pass
Coupon payments
Coupon rate

coupon stripping
coupon-equivalent rate
coupon-equivalent yield
covariance
covenant
cover
cover bid
Coverage

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