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Investments glossary

Original Face

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Quotes of the day:

An inexhaustible good nature is one of the most precious gifts of heaven, spreading itself like oil over the troubled sea of thought, and keeping the mind smooth and equable in the roughest weather.

— Washington Irving

Original face is the par value of a mortgage-backed security (MBS) at the time it is issued. In other words, it tells us the total principal amount originally owed on loans made to buy homes or how much the MBS, the vehicle invested in these mortgages, is initially worth.


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