Separate Trading of Registered Interest and Principal Securities (STRIPS)
Long-term notes and bonds divided into principal and interest-paying components, which may be transferred and sold in amounts as small as $1000. STRIPS are sold at auction at a minimum par amount, varying for each issue. The amount is an arithmetic function of the issue's interest rate.
Do you need a Financial Planner?
Click here to get matched to financial planners near you. Free service.
Here are 10 random terms from our database: