single monthly mortality rate — ( SMM) A measure of the amount of monthly principal reduction in excess of the scheduled monthly principal payment. The SMM is simply the amount of prepaid principal in a given month expressed as a percentage of the principal balance at the… … Financial and business terms
Single Monthly Mortality - SMM — In mortgage backed securities (MBSs), this is the percentage of the principal amount of mortgages that are prepaid in a given month. For investors of MBSs, prepayment of mortgages is usually undesirable since future interest is foregone. This is… … Investment dictionary
SMM — single monthly mortality rate (SMM) A measure of the amount of monthly principal reduction in excess of the scheduled monthly principal payment. The SMM is simply the amount of prepaid principal in a given month expressed as a percentage of the… … Financial and business terms
constant percent prepayment — ( CPP) An expression of mortgage loan prepayments in annual terms. The single monthly mortality rate ( SMM) multiplied by 12. CPP annualizes SMM without reflecting the impact of compounding. See constant prepayment rate and single monthly… … Financial and business terms
CPP — constant percent prepayment (CPP) An expression of mortgage loan prepayments in annual terms. The single monthly mortality rate ( SMM) multiplied by 12. CPP annualizes SMM without reflecting the impact of compounding. See constant prepayment rate … Financial and business terms
SMM — may mean: * Solar Maximum Mission * System Management Mode * Standard Method of Measurement * Single Marketing Method * Soft Magnetic Materials Conference * Science Museum of Minnesota * S Methylmethionine * Simulated Method of Moments, a… … Wikipedia
constant prepayment rate — ( CPR) A measure of the historical or expected prepayment of principal on a mortgage or an MBS that expresses the prepayment as a constant proportion of the outstanding principal. The CPR is an annualized expression of the SMM that reflects… … Financial and business terms
CPR — constant prepayment rate (CPR) A measure of the historical or expected prepayment of principal on a mortgage or an MBS that expresses the prepayment as a constant proportion of the outstanding principal. The CPR is an annualized expression of the … Financial and business terms
Ignaz Semmelweis — Dr. Ignaz Semmelweis, aged 42 in 1860 pen sketch by Jenő Dopy … Wikipedia
Forced molting — Induced molting (or forced molting) is the practice by the commercial egg industry of artificially provoking a complete flock of hen to molt simultaneously. During the molting period, the hens go out of production for a period of at least two… … Wikipedia
population — populational, adj. populationless, adj. /pop yeuh lay sheuhn/, n. 1. the total number of persons inhabiting a country, city, or any district or area. 2. the body of inhabitants of a place: The population of the city opposes the addition of… … Universalium