• Is a mortgage backed securities term which indicates mortgages which are not seasoned yet. Typically, a mortgage that is less than 30 months old is considered green.
| ||Embedded terms in definition|
| ||Mortgage backed securities|
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| ||Green shoe: Refers to an underwriting allotment which is in excess of the first stipulated share amount. Depending on demand and/or market stabilizing functions, an underwriter can exercise this option for additional shares. Many new deals now have this option included. Usually, the Green shoe is limited to an additional 15 percent of new shares. It was named after the company for which it was the focus of the deal.|
| ||Related Terms|
| ||Green sheet|
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