Exchange Currency

calamity call

A Collateralized Mortgage Obligation (CMO) clause that limits reinvestment risk to the issuer. A portion of the CMO is retired if there is not enough cash flow to make the payments scheduled for interest and principle. Also called clean-up call.

Related information about calamity call:
  1. Calamity Call Definition | Investopedia
    A call feature of a Collateralized Mortgage Obligation (CMO) designed primarily to reduce the issuer's reinvestment risk. If the cash flow generated by the ...
     
  2. Calamity Call: Definition from Answers.com
    Calamity Call Clause in a Collateralized Mortgage Obligation (CMO) requiring the issuer to retire a portion of the CMO issue on a monthly basis if prepayments.
     
  3. What is calamity call? definition and meaning
    Definition of calamity call: A Collateralized Mortgage Obligation (CMO) clause that limits reinvestment risk to the issuer. A portion of the CMO is retired if there is ...
     
  4. C - Municipal Securities Rulemaking Board
    CALAMITY CALL or REDEMPTION – See: REDEMPTION PROVISIONS. CALL – See: REDEMPTION. CALLABLE BOND – A bond that the issuer is permitted or ...
     
  5. The End of an Era - The Burial of Calamity Call 4 - YouTube
    Aug 5, 2011 ... Tonight we pay tribute to one of the most well known, most star studded and one of the true greats of FMRW, who met its dramatic end a few ...
     
  6. Series 7 (chapter 3) flashcards | Quizlet
    Vocabulary words for Series 7 (chapter 3). Includes studying ...
     
  7. What is CALL-BACK PAY? - The Law Dictionary
    CONFERENCE CALL, CALAMITY CALL, CONTRACT OF EMPLOYMENT, CONTINGENT WORKER, CALL OUT, CALL ON A PUT, CALL ON A CALL, CALL IN, ...
     
  8. What is CLEANUP CALL? - The Law Dictionary
    CALL PRIVILEGE, CALL PRICE, CLEANUP FUND, CALL RISK, CLEANUP PERIOD, CALAMITY CALL, CLEANUP, CALL PROTECTION, CALL PREMIUM, ...