What is the meaning of Planned Amortization Class?

Subtopics: PAC, PAC 

Planned Amortization Class is a security which is structured to have a reasonable life expectancy provided the prepayment speeds stay within the defined ranges. The scheduled interest and principal payments tend to be more stable for these tranches relative to the other parts of the deal.

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APABarry Goldsmith. (2010). planned amortization class. Retrieved September 27, 2026, from http://smartdefine.org/planned_amortization_class/definitions/1160642
ChicagoBarry Goldsmith. 2010. "planned amortization class" http://smartdefine.org/planned_amortization_class/definitions/1160642 (accessed September 27, 2026).
HarvardBarry Goldsmith 2010, planned amortization class, Smart Define, viewed 27 September, 2026, <http://smartdefine.org/planned_amortization_class/definitions/1160642>.
MLABarry Goldsmith. "planned amortization class" 21 October 2010. Web. 27 September 2026. <http://smartdefine.org/planned_amortization_class/definitions/1160642>