stripping


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Stripping

The act or practice of removing the coupons from a bond, especially a U.S. Treasury security, and trading the bond separately such that it pays no interest. Stripped bonds are sold at a significant discount from par and mature at par. They fluctuate in price, sometimes dramatically, because changes in interest rates make them more or less desirable. They can be invested in IRAs and other pension accounts; however, unlike other Treasury securities, they are subject to federal taxes. Generally speaking, stripped securities are quoted according to their yields, rather than their prices. In 1985, the U.S. Treasury began issuing its own stripped securities, called STRIPS, which replaced other vehicles, such as CATS and TIGRS, that had been issued by the Treasury and stripped by another party.

stripping

References in periodicals archive ?
The electrolyzed sulfuric acid can also be recycled (which was not possible with the old technology) and the process reduces the resist stripping time by up to 20%.
The Coalition also wants to use court stripping to block federal courts from upholding same-sex marriage and stop them from striking down government-sponsored religious displays, such as the Ten Commandments, in courthouses and public schools.
Gardiner said the fact that the commercial is a mainstream radio ad demonstrates the acceptance of stripping as a woman's way out of poverty.
A mixer operator should never have to wait for the binder to set at mold stripping.
Notice 95-53 covers a variety of stripping transactions, including:
Since opening in 1991, hundreds of aircraft have been painted at Delta's stripping and painting facility, including those operated by Delta, United, Turkmenistan, American Trans Air, VASP, China Xinhua, and Philippine Airlines.
This process builds on FSI's long successful history in metal stripping for salicide formation," said Don Mitchell, FSI chairman and CEO.
The aim of court stripping has always been to deny rights, never to elevate them.
The earnings stripping rules generally apply to a corporation with a debt-to-equity ratio in excess of 1.
In anticipation of the October deadline for compliance, CheckTech offers the Model 6105 Compact Stripping Machine, an operator-friendly, low-cost option, and the Model 6105-E Stripper/Encoder, which allows the operator to strip and encode checks in one step.
In October, 2003, a second waste stripping phase (Phase II) known as the "L-Pit or West Wall" project was initiated.
NASDAQ: ACLS) today introduced the ES3Lk, a novel 300mm resist stripping system specifically designed to support the integration of low-k dielectric materials.