Term of the Day: Vintage

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	INVESTOPEDIA Term Of The Day July 12, 2015 Vintage A slang term used by mortgage-backed securities (MBS) traders and investors to refer to an MBS that is seasoned over some time period. MBSs typically have maturities around 30 years, and a particular issue's 'vintage' will expose the holder to less prepayment and default risk, although this decreased risk also limits price appreciation. Investopedia Explains: The underlying loans of certain vintage MBSs have unique characteristics, such as burnout, that make the vintage trade at... Read More Related to "Vintage" Profit From Mortgage Debt With MBS In its May 2006 edition of Research Quarterly, the Bond Market Association estimated that mortgage debt represents $6.1 trillion of... Read More Term Deposit A term deposit (more often called a certificate of deposit or CD) is a deposit account in a financial institution that is made for... Read More Asset-Backed Security (ABS) An asset-backed security (ABS) is a debt security collateralized by a pool of assets. An ABS is just like a mortgage-backed security... Read More Recently Added Definitions Unconstrained Investing An investment style that does not require a fund or portfolio manager to adhere to a specific benchmark. Unconstrained investing allows managers to... Read More Piker A broker or investor who makes small size trades. Piker is a pejorative slang term used to describe individuals who are said to have... Read More Related Definitions Prepayment Risk Contraction Risk Default Risk Extension Risk Mortgage-Backed Security (MBS) Past Terms of the Day Corporate Ladder Guarantee Fees Developed Economy ZEW Economic Sentiment Radner Equilibrium You are currently subscribed as: mondemand.forex@blogger.com Unsubscribe | Unsubscribe From All | Manage Profile Investopedia US, A Division of IAC. Copyright © 2015, Investopedia, LLC. All Rights Reserved Follow Us: