non-sticky jump bond

Show Summary Details

Quick Reference

(NSJ) (Bonds; USA).

Collateralized mortgage obligation (CMO) which may change priority to receive principal if certain conditions take place (cf. trigger). While these conditions are maintained, the CMO ‘jumps’ to ...

Subjects: Economics.

Reference entries

Users without a subscription are not able to see the full content. Please, subscribe or login to access all content.