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Strip
(1) Option strategy comprising two puts and one call on the same underlying with the same strike price and expiry date. See also strap.
(2) Stripped US Treasury zero bond created by separating the corpus, or bond principal, from the interest coupons. Issued by American investment banks under various designations (CATS, TIGR).
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- Part of Speech: noun
- Synonym(s):
- Blossary:
- Industry/Domain: Banking
- Category: Investment banking
- Company: UBS
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