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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 ?
Most of Europe (1) Vulnerable (3) (Juncaceae) Prunus padus L.
(Padus laurocerasus L., Cerasus laurocerasus L., Laurocerasus officinalis M.
To some extent Norway spruce, grey alder (Alnus incana), and bird cherry (Prunus padus) are browsed.
lenta * Cherry Prunus padus * Chestnut, Chinese Castanea mollissima * Crabapple Malus species Flowering * Fruiting * Crape Myrtle Lagerstroemia indica * Cypress Italian Cupressus sempervirens * Monterey Cupressus macrocarpa * Sawara false Chamaecyparis pisifera * Dogwood Cornus species Flowering C.
According to Padus, we live in a world where people commonly blame others for their shortcomings and reveal oversensitivity to messages about their power and self-worth.
Examples included prairie turnips (Psoralea esculenta), wild peas (Falcata comosa), wild plums (Prunus americana), chokecherries (Padus nana) and buffalo-berries (Lepargyrea argentea) (Ewers 1961:10-13; Gilmore 1919; Hellson and Gadd 1974).
Mayday tree (Prunus padus) dangles drooping clusters of white blossoms with almondlike scent in May, followed by small, glossy black fruit and yellow-orange autumn leaves.
Prunus padus is another European-grown cherry and Prunus cerasifera is a native of the Balkans.
(1) Padus, Emrika, "The Complete Guide to Your Emotions and Your Health, New Dimensions in Mind/Body Healing," Rodale Press, 1986.
Delivery of kits for semi-automatic production of padus cast from buffy-leatherette coats suspended in pas-e solution.
The dominant tree species are birch Betula pubescens/Betula pendula, rowan Sorbus aucuparia, alder Alnus incana, hackberry Prunus padus and goat willow Salix caprea.