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Investments glossary

Original Face


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Quotes of the day:

Everyone can get the gold of the Sun. (Tout le monde cueille l\'or du soleil)

— Charles de LEUSSE

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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