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PO

Principal Only

Describing a derivative in which the underlying assets are the future principal payments on a pool of mortgages or other debt obligations. Principal-only derivatives are issued at a deep discount to their par value; that is, one buys such derivatives for an amount less than the principal payments to which the holder is entitled. The gain on a principal-only derivative comes from the amount by which principal payments exceed the amount that the holder pays for the security. For that reason, holders of these derivatives can benefit from prepayment risk because when property owners repay their mortgages more quickly, principal-only derivative holders receive their returns more quickly.

PO

References in periodicals archive ?
Touch screen technology at the POS is being readily accepted by specialty retailers because it saves 40-60 percent in training cost and time and its unique architecture reduces errors," said Keith Neerman, CEO, InfoTouch.
An analysis of what's happening now for stakeholders including POS vendors, IP Gateways, Processors, Acquirers & Network Systems
Its POS software leverage Java, Linux and thin-client technologies to reduce retail chains' total cost of ownership and optimize open-systems functionality.
With over 600,000 installations, Wincor Nixdorf's BEETLE family is the most prolific open POS platform in the world.
The Electronic Funds Transfer Industry and the Meteoric Rise of POS
Smart Card Accepting POS Terminals Projected To Grow 12
IHL's Study, "2002 North American Retail POS Market Study" reviews the shipments and installed base of POS terminals sold into retailers in North America.
At the heart of the Mobile POS is a standard BEETLE POS system unit, so performance and reliability are assured, and TCO is extremely attractive.
Unlike credit card interchange fees which are dependent on the purchase amount, the MAC POS Issuer Reimbursement Fee will be fixed at $.
Additionally, 57 percent of PIN-secured debit users reported that having the choice to receive cash back at the POS resulted in more usage of their cards.
This new offering allows retailers to easily convert existing networked POS systems from wired to wireless while resolving wireless networking security issues.