Z-BOND
"Z-Bond" is a bond that is usually the last to mature or to receive payment. It is often used in Collateralized Mortgage Obligations (CMOs), wherein the interest that is supposed to be paid on Z-bonds is used for paying down principal on earlier bonds instead. Because of its nature to accrue interest rather than pay it out, Z-bond is also called an "accrual bond."
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Guarantee Company
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SEC Form F-80
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Satisfaction of Mortgage
Satisfaction of Mortgage is a document acknowledging that a borrower has paid off the mortgage loan in full. It is signed by a mortgage lender decl ...
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