accrual bond

A bond — usu. the last collateralized-mortgage-obligation issue — from which no principal or interest payment will be made until any bonds issued earlier have been fully paid.

— Also termed Z-bond.

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词条贡献者

译者Rowland，毕业于世界顶级翻译学院，擅长翻译各种与商业地产买卖相关的法律文件。