Stripped bond

• A financial security derived from an ordinary bond by an investment dealer who, for a profit sells claims against the coupon interest or face value of the underlying bond to investors in the marketplace. The financial claim is against a single cash flow that is promised by the original bond issuer many years into the future. Like a zero coupon bond, stripped bonds trade at substantial discounts from the face value (terminal value) of the security.

• Bond that can be subdivided into a series of zero-coupon bonds.


Follow this link for all the terms related to bond.

 Embedded terms in definition
Cash flow
Coupon bond
Face value
Terminal value
Zero coupon bond
 Related Terms
Accrual bond
Ban or bond anticipation note
Bearer bond
Bond agreement
Bond arbitrage hedge funds
Bond covenant
Bond equivalent basis
Bond equivalent yield
Bond fund
Bond indenture
Bond indexing
Bond points
Bond quote
Bond rating
Bond refunding decision
Bond value
Bull bear bond
Bulldog bond
Call price bond
Callable bond
Collateral trust bond
Convertible bond
Corporate bond
Corporate bond equivalent
Coupon bond
Debenture bond
Deep discount bond
Discount bond
Dollar price of a bond
Equivalent bond yield
Extendable bond
Face value of a bond
Fidelity bond
Flower bond
Foreign bond
Foreign bond market
Full coupon bond
General obligation bond
Government bond
High coupon bond refunding
High yield bond
Income bond
Indenture of a bond
Indexed bond
Industrial revenue bond
Inflation indexed treasury bond
Insured bond
International bond
Jump bond
Junk bond
Level coupon bond
Limited tax general obligation bond
Low coupon bond refunding
Mismatch bond
Mortgage bond
Municipal bond
Municipal bond fund
Par bond
Payment in kind pik bond
Performance bond
Positive covenant of a bond
Premium bond
Prerefunded bond
Pure discount bond
Put bond
Refunded bond
Registered bond
Revenue bond
Samurai bond
Series bond
Series ee bond
Series hh bond
Shogun bond
Single payment bond
Speculative grade bond
Step up bond
Straight bond
Straight bond value
Stratified sampling bond indexing
Stripped mortgage backed securities
Stripped mortgage backed securities smbss
Subordinated debenture bond
Sushi bond
T bond
Term bond
Treasury bond
U.s. treasury bond
Variable rated demand bond vrdb
Yankee bond
Z bond
Z or accrual bond
Zero coupon bond

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