Interest Only Bond definition

Interest Only Bond. A Bond entitled to receive payments only of interest based upon the Notional Amount of the Bond and/or premium (if any) (but not payments of principal).
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Interest Only Bond. A Bond of a Series which is entitled only to payments of interest thereon on the basis of the Notional Amount thereof, and on which no principal is payable, as more particularly described in the related Series Supplement.
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Related to Interest Only Bond

  • Interest Only Loan means a Mortgage Loan which only requires payments of interest for a period of time specified in the related Mortgage Note.

  • Interest-Only Period means the period from and including the first Borrowing Date and through and including the sixteenth (16th) Payment Date following the first Borrowing Date.

  • Interest Only Mortgage Loan A Mortgage Loan for which an interest-only payment feature is allowed during the interest-only period set forth in the related Mortgage Note.

  • Interest Only Certificates A Class or Subclass of Certificates not entitled to payments of principal, and designated as such in the Series Supplement. The Interest Only Certificates will have no Certificate Principal Balance.

  • Accrued Interest means, with respect to Single Family Shared-Loss Loans, the amount of earned and unpaid interest at the note rate specified in the applicable loan documents, limited to 90 days.