Security Balance
For an MBS Pool MBS PoolMBS Security backed by MBS Mortgage Loans. , the Issue Date Principal Balance Issue 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 MBS MBSMortgage-Backed Security principal distribution amounts included in previous MBS MBSMortgage-Backed Security monthly remittances.
Synonyms
Security Balances