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Simple English definitions for legal terms

stripped mortgage-backed security

Read a random definition: Uniform Child Custody Jurisdiction and Enforcement Act (UCCJEA)

A quick definition of stripped mortgage-backed security:

A stripped mortgage-backed security is a type of investment that is backed by a pool of mortgages. It is called "stripped" because it separates the interest payments from the principal payments, creating two separate securities. These securities can then be sold separately to investors. Essentially, it is a way for investors to invest in a pool of mortgages without having to buy the entire pool.

A more thorough explanation:

A stripped mortgage-backed security is a type of security that is created by separating the interest and principal payments of a mortgage-backed security into two separate securities. The interest payments are sold as one security, while the principal payments are sold as another security.

For example, let's say there is a mortgage-backed security that has a total value of $100,000. The interest payments on the mortgage are $5,000 per year, while the principal payments are $95,000. The issuer of the security can create two separate securities: one that pays the $5,000 in interest each year, and another that pays the $95,000 in principal when the mortgage is paid off.

The stripped mortgage-backed security allows investors to choose which type of payment they want to receive. Some investors may prefer the steady income from the interest payments, while others may prefer the lump sum payment of the principal when the mortgage is paid off.

Overall, the stripped mortgage-backed security is a way for investors to customize their investments based on their individual preferences.

strip | stripper well

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18:13
jk that is nice
babycat
18:14
@EvolBunny: I love fluoride 😍😍😍
18:14
omg me too
BulbasaurNoLikeCardio
18:15
@EvolBunny: I am fine with them making their cut and all that but I bought it with an adjustable gas block, new LVPO and foregrip so I just have a bunch of parts and ammo with no way to shoot it
@BulbasaurNoLikeCardio: i mean getting paid for their incompetence is based
18:15
they think you are going to attack dj trump
BulbasaurNoLikeCardio
18:18
@BulbasaurNoLikeCardio: they blaimed it on their IT team for not updating it as out of stock when I paid but like buying something in stock in September then being told I won't get it until mid January is pretty wild. I do not hunt anymore but their mistake would of caused me to miss the entire season. If it wasn't so hard to get left handed ARs I would of gone elsewhere
oh that's kind of worth more than $140
that's at least $300
18:19
@BulbasaurNoLikeCardio: what you gonna do when january hits and they are like "it still isnt here come back in april"
BulbasaurNoLikeCardio
18:20
Its a $600 part, they already covering shipping and paying the tax so $140 is an additional 25% off.
BulbasaurNoLikeCardio
18:20
If it doesn't come January I am going to just say fuck it and toss everything on the right handed upper and just eat gas.
18:21
You should have said to refund you or give 300 off
18:21
wasp is wasp
18:21
knows how be rich and demand shit lmfao
i am atheist not protestant
18:22
same thing tho ya? - catholic
BulbasaurNoLikeCardio
18:23
Ill just keep arguing for more money off until I get it or they end up paying me to take it lmao
18:24
what other guns ya got
are we losing hope for gtown lol
yeah i dont think gtown does A's this late unfortunately
18:25
it is like 630 on a friday there bud
18:25
think it is safe to say it aint happenin today\
damn it was a slow day today
BulbasaurNoLikeCardio
18:26
I got a custom built Leftie ar15 I run suppressed, a regular ar15, a .270 axis savage bolt gun, xd9, xd40 and have my AR10 I run suppressed.
BulbasaurNoLikeCardio
18:26
I do not think we will see a wave until after thanksgiving. Adcoms will be nice and not ruin someones thanksgiving with an R
18:28
ruin my thanksgiving law schools uwu
PerpetualCheerfulBeaver
18:53
I really thought a texas schools wave was going to hit today...guess it will be December 1
7Rings
19:00
No news is good news 😜
PerpetualCheerfulBeaver
19:10
the mentality im embracing
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