• Is a bond engineered to counterbalance or uphold Planned Amortization Class, Targeted Amortization Class or other superior bonds in a deal. Also, referred to as a Companion Bond.

 Embedded terms in definition
Planned amortization class
Targeted amortization class
 Referenced Terms
 24/7: Refers to 24 hours per day and 7 days per week for customer service, Support, or availability. Sometimes, it is written as 7/24.

 5/52: Refers to 5 days per week and 52 weeks per year for customer service, Support, or availability.

 7/52: Refers to 7 days per week and 52 weeks per year for customer service, Support, or availability.

 Account executive: Is the party who acts as an agent for his customer. The broker receives a commission as compensation. This person may also participate in spreads or other fees which generate revenue for the firm. This person is also known as an Associated Person (AP), Investment Executive (IE), Registered Representative (RR), Registered Customer Support Person or Securities Salesman. Brokers are required to be licensed according to product lines and states when required.

 Back office: Is the area or function which relates to the processing, record keeping, and other operational aspects of transactions for financial firms. This compares to Front Office and Middle Office.Brokerage house clerical operations that Support, but do not include, the trading of stocks and other securities. Includes all written confirmation and settlement of trades, record keeping and regulatory compliance.

 Related Terms
 Order support system
Price dividend will support
Support bonds
Support for prices
Support level

<< Supply shock Support bonds >>

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