Former French President Nicolas Sarkozy has been stripped of his Legion of Honor medal after he was found guilty of ...

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.

Investopedia / Paige McLaughlin A stripped mortgage-backed security (MBS) is a type of mortgage-backed security that is split into principal-only and interest-only strips. They derive their cash ...