Speed

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Speed

Speed

1. In mortgage-backed securities, the estimated rate at which homeowners will pay off the underlying mortgages of an MBS. The equivalent of the coupon on a mortgage-backed security is a percentage of the interest and principal paid on the mortgages backing the security. A risk associated with mortgage-backed securities is that too many homeowners will pay off their mortgages with too much speed, depriving the holder of the MBS from future interest payments.
References in classic literature ?
At the man's nod of assent Rebecca sped down the lane, crying irrepressibly as she neared the wagon, "Oh, Emma Jane
I bethought myself to go upstairs and see how the dying woman sped, who lay there almost unheeded: the very servants paid her but a remittent attention: the hired nurse, being little looked after, would slip out of the room whenever she could.
Looking for nothing, listening for nothing, one hand holding the candle, the other mechanically grasping the folds of her dress, she sped, ghost-like, down the length of the ghostly place.