Security Balance
For an MBS PoolMBS PoolMBS Security backed by MBS Mortgage Loans., the Issue Date Principal BalanceIssue Date Principal BalanceFor any Securitized Mortgage Loan, the UPB of the Note after crediting: the principal portion of any scheduled monthly installment due on or before the Security Issue Date, whether or not collected; and any unscheduled principal payment received on or before the Security Issue Date. minus any MBSMBSMortgage-Backed Security principal distribution amounts included in previous MBSMBSMortgage-Backed Security monthly remittances.
Synonyms
Security Balances