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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.

Investing Essentials


Copyright © 2011 Campbell R. Harvey, Professor of Finance, Fuqua School of Business at Duke University

Term of the Day

Coattail investing

A risky trading practice of making trades similar to those of other successful investors, usually institutional investors.

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