What is the meaning of interest only (IO)?

interest only (IO) means stripped mortgage-backed securities.

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APABarry Goldsmith. (2010). interest only (IO). Retrieved September 23, 2026, from http://smartdefine.org/interest_only_(io)/definitions/1156257
ChicagoBarry Goldsmith. 2010. "interest only (IO)" http://smartdefine.org/interest_only_(io)/definitions/1156257 (accessed September 23, 2026).
HarvardBarry Goldsmith 2010, interest only (IO), Smart Define, viewed 23 September, 2026, <http://smartdefine.org/interest_only_(io)/definitions/1156257>.
MLABarry Goldsmith. "interest only (IO)" 21 October 2010. Web. 23 September 2026. <http://smartdefine.org/interest_only_(io)/definitions/1156257>