Due bill

Due bill

Due bill

An instrument evidencing the obligation of a seller to deliver securities sold to the buyer. Occasionally used in the bill market.



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Drop, the

Drop, the

Drop, the

With the dollar roll transaction the difference between the sale price of a mortgage-backed pass-through, and its re-purchase price on a future date at a predetermined price.



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Drop lock

Drop lock

Drop lock

An arrangement whereby the interest rate on a floating rate note or preferred stock becomes fixed if it falls to a specified level.



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