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Investments glossary

Original Face

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Quotes of the day:

Stay away from needle drugs. Richard Nixon is the only dope worth shooting.

— Abbie Hoffman

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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