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IO (1)

The two-character ISO 3166 country code for BRITISH INDIAN OCEAN TERRITORY .

IO (2)

Copyright © 2012, Campbell R. Harvey. All Rights Reserved.


1. ISO 3166-1 alpha-2 code for the British Indian Ocean Territory. This is the code used in international transactions to and from BIOT bank accounts.

2. ISO 3166-2 geocode for the BIOT. This is used as an international standard for shipping to the BIOT.

3. Interest only. A derivative security whose cash flow derives exclusively from interest payments on various debt securities. The underlying asset of an interest-only strip is interest paid on debt securities, rather than the debt securities themselves. Many interest only strips are backed by mortgage interest, but some are also backed by Treasury securities and other debt securities. Interest-only strips are derived from bonds whose coupons' ownership is legally separated (or "stripped") from the debt securities themselves.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved


Wall Street Words: An A to Z Guide to Investment Terms for Today's Investor by David L. Scott. Copyright © 2003 by Houghton Mifflin Company. Published by Houghton Mifflin Company. All rights reserved. All rights reserved.
References in periodicals archive ?
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