What is the meaning of Extending?

Extending is a term to indicate an increase in the duration of mortgage backed and related securities. Generally, it is a consequence of slower-than-expected prepayments.

Barry Goldsmith
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APABarry Goldsmith. (2010). extending. Retrieved September 20, 2026, from http://smartdefine.org/extending/definitions/1153522
ChicagoBarry Goldsmith. 2010. "extending" http://smartdefine.org/extending/definitions/1153522 (accessed September 20, 2026).
HarvardBarry Goldsmith 2010, extending, Smart Define, viewed 20 September, 2026, <http://smartdefine.org/extending/definitions/1153522>.
MLABarry Goldsmith. "extending" 21 October 2010. Web. 20 September 2026. <http://smartdefine.org/extending/definitions/1153522>
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