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Related to Interest-only strip: IO Strips


 (ī′ō, ē′ō)
1. Greek Mythology A maiden who was loved by Zeus and transformed by Hera into a heifer.
2. One of the four brightest satellites of Jupiter. It was first sighted by Galileo.

[Latin Īō, from Greek.]


the internet domain name for
(Computer Science) British Indian Ocean Territory


(Classical Myth & Legend) Greek myth a maiden loved by Zeus and turned into a white heifer by either Zeus or Hera


(Celestial Objects) the innermost of the four Galilean satellites of Jupiter, displaying intense volcanic activity. Diameter: 3640 km; orbital radius: 422 000 km


the chemical symbol for
(Elements & Compounds) ionium


(ˈaɪ oʊ, ˈi oʊ)

1. (in Greek myth) a woman loved by Zeus and changed by him into a heifer, which Hera claimed and put under Argus' guardianship.
2. a large volcanically active moon of Jupiter.




Computers. input/output.


or i.o.,

indirect object.
ThesaurusAntonymsRelated WordsSynonymsLegend:
Noun1.Io - (Greek mythology) a maiden seduced by ZeusIo - (Greek mythology) a maiden seduced by Zeus; when Hera was about to discover them together Zeus turned her into a white heifer
Greek mythology - the mythology of the ancient Greeks
2.Io - the closest of Jupiter's moons; has active volcanoes
References in periodicals archive ?
For example, a servicing asset can be considered to reflect two values: a financial instrument that is similar to an interest-only strip and an intangible value reflecting the contractual right to perform services over time in exchange for a fee.
Some of the interest retained by the seller may represent a fee for normal loan servicing and some may represent an excess servicing receivable, such as the right to receive cash flows that exceed normal servicing fees, which is equivalent to an interest-only strip on the portion of the loan sold.
3 Million Pre-Tax Gain on Sale of an SBA Interest-Only Strip Security.
On Monday, PacificAmerica announced that Fremont changed the terms of its agreement, making it possible to reduce the purchase price to $6 a share in cash if certain standards related to the sale of interest-only strip receivables were met by the time the deal closes in the first quarter of next year.
The principal part of a mortgage security that has been stripped into two parts; the other part is the interest-only strip.
But if the sale of PacificAmerica's interest-only strip receivables are less than the amount they both agreed upon, then the difference will be subtracted from the $6 a share purchase price.
The change resulted in a reduction of the aggregate value of PacificAmerica's interest-only strip receivables, also known as excess yield receivables, to $95.
The focus has been on a series of changes to the Company's interest-only strip valuation methodologies that were adopted in 2001 and 2002 as part of a larger effort to refine its forecasting and estimation processes following the credit deterioration experienced at that time.
Upon sale, Doral capitalizes and records for accounting purposes a floating rate interest-only strip ("IO Strip").
7 million interest-only strip valuation adjustment and still be profitable.
An eight-tranche transaction through special-purpose vehicle Sapphire Series 2002-1 Trust will securitize A$134 million of nonconforming and subprime residential mortgages in a variety of notes, including an interest-only strip and mezzanine notes assigned preliminary 'A' and 'BB' ratings.
For ANB's June 30 Call Report, the agreement provides that the retained interests be calculated based on an 18% discount rate on the interest-only strip ("I/O") and subordinated trust assets, a 15% discount rate on the contractual mortgage servicing rights ("CMSR"), a prepayment rate that represents the average prepayment experience for the six months ended February 29, 2000 and cumulative loss rates as a percentage of original principal balance of 6% on closed end mortgage loans and 8% for HELOC (open end) mortgage loans.