What is the meaning of To be announced (TBA)?

To be announced (TBA) is a contract for the purchase or sale of an MBS to be delivered at an agreed-upon future date but does not include a specified pool number and number of pools or precise amount to be delivered.

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APABarry Goldsmith. (2010). To be announced (TBA). Retrieved September 23, 2026, from http://smartdefine.org/to_be_announced_(tba)/definitions/1165291
ChicagoBarry Goldsmith. 2010. "To be announced (TBA)" http://smartdefine.org/to_be_announced_(tba)/definitions/1165291 (accessed September 23, 2026).
HarvardBarry Goldsmith 2010, To be announced (TBA), Smart Define, viewed 23 September, 2026, <http://smartdefine.org/to_be_announced_(tba)/definitions/1165291>.
MLABarry Goldsmith. "To be announced (TBA)" 21 October 2010. Web. 23 September 2026. <http://smartdefine.org/to_be_announced_(tba)/definitions/1165291>