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Stripping
(redirected from Stripped Coupons)

   Also found in: Medical, Financial, Encyclopedia 0.01 sec.
strip 1  (strp)
v. stripped, strip·ping, strips
v.tr.
1.
a. To remove clothing or covering from.
b. To deprive of (clothing or covering).
2. To deprive of honors, rank, office, privileges, or possessions; divest.
3.
a. To remove all excess detail from; reduce to essentials.
b. To remove equipment, furnishings, or supplementary parts or attachments from.
4. To clear of a natural covering or growth; make bare: strip a field.
5. To remove an exterior coating, as of paint or varnish, from: stripped and refinished the old chest of drawers.
6. To remove the leaves from the stalks of. Used especially of tobacco.
7. To dismantle (a firearm, for example) piece by piece.
8. To damage or break the threads of (a screw, for example) or the teeth of (a gear).
9. To press the last drops of milk from (a cow or goat, for example) at the end of milking.
10. To rob of wealth or property; plunder or despoil.
11. To mount (a photographic positive or negative) on paper to be used in making a printing plate.
v.intr.
1.
a. To undress completely.
b. To perform a striptease.
2. To fall away or be removed; peel.
n.
A striptease.

[Middle English stripen, from Old English -strpan, to plunder (in bestrpan).]

strippa·ble adj.

strip 2  (strp)
n.
1.
a. A long narrow piece, usually of uniform width: a strip of paper; strips of beef.
b. A long narrow region of land or body of water.
2. A comic strip.
3. An airstrip.
4. An area, as along a busy street or highway, that is lined with a great number and variety of commercial establishments.
tr.v. stripped, strip·ping, strips
To cut or tear into strips.

[Middle English, perhaps from Middle Low German strippe, strap, thong.]
ThesaurusLegend:  Synonyms Related Words Antonyms
Noun1.Stripping - the removal of coveringstripping - the removal of covering              
remotion, removal - the act of removing; "he had surgery for the removal of a malignancy"
disforestation, deforestation - the removal of trees
cornhusking - the act of removing the husks from ears of corn


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As such, the typical bank selling mortgages (with retained servicing rights) is covered under the safe-harbor rule for reasonable compensation and does not have stripped coupons as described in Sec.
No amortization is permitted for mortgage servicing rights treated for tax purposes as stripped coupons separate from the mortgage that are debt instruments.
This de minimis rule does not specifically apply to stripped bonds and stripped coupons that have OID because of Sec.
 
 
 
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