Protectionism

Protecting domestic industry from import competition by means of tariffs, quotas, and other trade barriers.

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Principal only (PO)

A mortgage-backed security (MBS) in which the holder receives only principal cash flows on the underlying mortgage pool. The principal-only portion of a stripped MBS. For PO securities, all of the principal distribution due from the underlying collateral pool is paid to the registered holder of the stripped MBS based on the current face value of the underlying collateral pool.


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