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Separate Trading of Registered Interest and Principal Securities STRIPS was created to provide investors with another alternative in the fixed-income arena that could meet certain investment objectives that were difficult to achieve using traditional bonds and notes. However, they are only available as single securities that pay both interest and principal. A new type of bond was eventually introduced that separated the repayment of the principal from the interest payments. The disadvantages of bearer bonds, such as the investor being unable to receive an interest payment if the coupon was lost or stolen, leading to issuing STRIPS in electronic book-entry form. As is stated in the acronym, STRIPS are simply bonds that have had the interest payments stripped away and sold separately, while the principal amount is still paid out at maturity.
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The new VW T-Roc Cabriolet is a rather niche model, offering an open-top motoring experience to those -most likely few- wanting a convertible crossover. This includes inch alloy wheels, interior and exterior chrome detailing, Lane Assist, Front Assist, a Composition infotainment system and more. In addition, VW offers the Black Style package as an option, which adds specific features finished in black, including the trim strip on the radiator grille, the door mirror housing and the inch alloy wheels. Customers will be offered two powertrains to choose from ; the base 1. Both of them are combined with front-wheel drive, with the 1.
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