BOND PREMIUM Definition

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BOND PREMIUM is the excess of the issue price over the face value of the bond.

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SKATIKAS (SKATIKU, SKATIKAI) is a currency of Lithuania.

PAC BOND is a planned amortization class collateralized mortgage obligation (CMO) that provides a set average life within a specified band of prepayment assumptions. PACs are considered the most stable CMO class in terms of average life variability.

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