Also called speed, the estimated rate at which mortgagors pay off their loans ahead of schedule, critical in assessing the value of mortgage pass-through securities. Found on http://www.duke.edu/~charvey/Classes/wpg/bfglosp.htm
Also called speed, the estimated rate at which mortgagors pay off their loans ahead of schedule, critical in assessing the value of mortgage pass-through securities. Found on http://www.encyclo.co.uk/local/20047