RECONSTITUTION
\ɹˌiːkˌɒnstɪtjˈuːʃən], \ɹˌiːkˌɒnstɪtjˈuːʃən], \ɹ_ˌiː_k_ˌɒ_n_s_t_ɪ_t_j_ˈuː_ʃ_ə_n]\
Definitions of RECONSTITUTION
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Regrouping principal and interest after it has been stripped. This creates arbitrage opportunities. This happens when longterm securities are split into zero coupon bonds. Refer to stripping.
By Henry Campbell Black
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Continuous repair or renovation of decaying tissues.
By Smith Ely Jelliffe
Word of the day
SQ10,643
- A serotonin antagonist with limited antihistaminic, anticholinergic, and immunosuppressive activity.