strip (separate trading of interest and principal)

What is strip (separate trading of interest and principal)?

strip (separate trading of interest and principal) definition and meaning on Finance terms:
A zero-coupon bond created in order to trade separately the claims on particular cash flows of a security and the principal of the same instrument. <

 

reference: https://www.ecb.europa.eu/home/glossary/html/index.en.html

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