The quick answer to this question is that a stripped bond (or "strip bond") is a bond that has had its main components broken up into a zero-coupon bond and a series of coupon payments.

“He tried to strip the White House press passes from reporters he didn’t like last time around and tried to corrupt the Voice of America to be his own personal global megaphone.” “If he ...

Separate Trading of Registered Interest and Principal Securities (STRIPS) was created to provide investors with another alternative in the fixed-income arena that could meet certain investment ...