Bonds: brokerage-house practice of separating a bond into its corpus and coupons, which are then sold separately as zero coupon securities.
A variation known by the acronym strips (S eparate T rading of R egistered I nterest and P rincipal of S ecurities) is a prestripped zero coupon bond that is a direct obligation of the U.S. Treasury.
Options: option contract consisting of two put options and one call option on the same underlying stock or stock index with the same strike and expiration date.
| Strip Development, Strikebreakers, Strike Vote | |
| Structuralunemployment, Structure, Student |
Dictionary of Business Terms. Copyright © 2007 by Barron's Educational Series, Inc. All rights reserved.
