Business and Personal Finance Dictionary

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• RE-CMOS OR RE-REMICS
  
  REMICs are created when tranches of existing CMO REMICs are combined and used to collateralize new securities. When this is done, the new securities are called re-REMICs, re-CMOs, or structured collateral. These may be more or less risky than the underlying tranches. See kitchen sink bonds.
  
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