Lehman Brothers Adjustable-Rate Mortgage Index
Definition
A benchmark index that includes all agency-guaranteed securities with coupons that periodically adjust based on a spread over a published index.
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Copyright © 2011 Campbell R. Harvey, Professor of Finance, Fuqua School of Business at Duke University
Term of the Day
Statement of Additional Information (SAI)
A document provided as a supplement to a mutual fund prospectus. It provides more detailed information about fund policies, operations, and risks. Also known as a Part B prospectus.
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