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Z pacs

• Are bonds in the Z tranche that accrue or accrete interest similar to the plain Z bond. However, the Z PAC repays principal as well. This principal repayment is defined and conditioned by a prepayment schedule or collar.

 
 Embedded terms in definition
 Bond
Collar
Interest
Pac
Prepayment
Principal
Tranche
Z bond
Z
 
 Related Terms
 Z
Z bond
Z or accrual bond
Z score

<< Z or accrual bond Z score >>

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