________________ Are Instruments That Are Closely Related to CMOs That

question 32

Short Answer

________________ are instruments that are closely related to CMOs that also partition the cash flow from a pool of mortgage loans or mortgage-backed securities into multiple maturity classes in order to reduce the cash-flow uncertainty of investors.

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Definitions:

Anal Stage

The second stage in Freud's psychosexual development theory, occurring roughly between the ages of 18 months and three years, where the focus of pleasure is on the anus.

Psychosexual Stages

The stages of psychological development theorized by Freud, through which a child progresses from infancy to adulthood, each characterized by a different focus of libido (sexual energy).

Fixated

A psychological term referring to the state of being obsessively focused or attached to an emotional experience or person from one's past.

Oral Stage

The first of Freud's psychosexual development stages, occurring from birth to about 18 months of age, where pleasure centers on the mouth.