Chimera

CHIMAERA IN FISHERIES. Around the world chimaera are directly targeted by a small number of fisheries. Particularly in coastal waters. In New Zealand and Australian waters, the Elephant Fish is commercially targeted and sold as whitefish fillets. Aug 08, 2016 A chimera is essentially a single organism that's made up of cells from two or more 'individuals'—that is, it contains two sets of DNA, with the code to make two separate organisms. Chimera synonyms, chimera pronunciation, chimera translation, English dictionary definition of chimera. Also Chimaera n. Greek Mythology A fire-breathing female monster usually represented as a composite of a lion, goat, and serpent. Sunnydaze Decor 56-in H x 19-in D x 19-in W Black Steel Chiminea. Add an outdoor fire pit that stands out from the rest with this black steel chiminea. This wood burning fire pit conveniently features an opening that provides easy access to the fire to keep it going during outdoor gatherings.

Chimera Investment Corporation (NYSE: CIM) is an internally managed Real Estate Investment Trust (REIT), founded in 2007 and headquartered in New York City. Our business objective is to provide attractive risk-adjusted returns to our shareholders over the long-term, predominantly through dividends and preservation of capital. We have $3.6 billion in total capital consisting of both common and preferred stock. Since inception, we have declared $5.3 billion common and preferred stock dividends.


Investment Strategy

We seek to maintain a diversified investment portfolio focusing on investing in residential mortgage loans, Non-Agency and Agency residential mortgage backed securities (RMBS) and Agency commercial mortgage backed securities (CMBS).
Our income is generated primarily by the difference, or net spread, between the income we earn on our assets and our financing and hedging costs. We are commonly referred to as a hybrid mortgage REIT because we invest in both non-Agency and Agency mortgage assets. This model provides flexibility in portfolio asset allocation and liability management.

Our Portfolio

Residential Mortgage Loans: A significant part of our business and growth strategy is to engage in securitization transactions to finance the acquisition of residential mortgage loans. In those securitizations we retain the subordinate RMBS, which typically receive interest income but no principal until the securities senior to them are paid off. This helps mitigate reinvestment risk as principal may not be received for several years after the loan collateral is securitized.

Non-Agency RMBS: We invest in both investment grade and non-investment grade Non-Agency RMBS issued by third parties. We believe this portfolio will provide high risk-adjusted returns over the long-term.

Agency RMBS: We invest in RMBS issued or guaranteed by Ginnie Mae, Fannie Mae or Freddie Mac (Agency RMBS). These securities provide dual portfolio functions by providing both spread income and a source of liquidity for the company.

Agency CMBS: The Agency CMBS we acquire are primarily Ginnie Mae Construction Loan and Ginnie Mae Permanent Loan Certificates. These assets typically have prepayment protection. The borrowers on the underlying mortgage loan generally are required to pay a prepayment penalty if they prepay during the first 10-years of the loan. This prepayment protection generally makes these assets longer duration and thus easier to hedge interest rate risk compared to Agency RMBS.

Funding Strategy

We borrow money, or use leverage, to finance the acquisition of mortgage assets and enhance potential returns on our investment portfolio. We use several funding sources to finance our investments including asset securitization, repurchase agreements (repo), warehouse lines, convertible debt and equity capital.

A key element to our funding strategy is securitization which provides long-term stable financing and structural leverage to potentially enhance returns and mitigate risk. In our securitizations, we generally create senior and subordinate notes. The senior bonds are sold to a third party and we retain the subordinate bonds which include the first-loss bonds that are usually subject to the risk retention rules. In most securitizations, we retain a call option, which, depending on market conditions, we may exercise to liquidate the original securitization trust, receive the remaining collateral and securitize the remaining collateral in a new securitization to reduce the related financing costs or to increase the structural leverage.


Example Securitization*

Chimera definitionChimera
*A significant portion of the RMBS we acquire through securitization is subject to the U.S. credit risk retention rules which materially limit our ability to sell or hedge such investments as needed, which may require us to hold investments that we may otherwise desire to sell during times of severe market disruption in the mortgage, housing or related sectors, such as those being experienced now as a result of the COVID-19 pandemic.

Also found in: Thesaurus, Medical, Encyclopedia, Wikipedia.

Chi·me·ra

also Chi·mae·ra(kī-mîr′ə, kĭ-)n.
1. Greek Mythology A fire-breathing female monster usually represented as a composite of a lion, goat, and serpent.
2. An imaginary monster made up of grotesquely disparate parts.

chi·me·ra

also chi·mae·raChimera tool(kī-mîr′ə, kĭ-)n.1.
a. An organism, organ, or part consisting of two or more tissues of different genetic composition, produced as a result of organ transplant, grafting, or genetic engineering.
b. A gene or protein consisting of parts from two different genes or proteins that are normally distinct, sometimes derived from two different species.
2. An individual who has received a transplant of genetically and immunologically different tissue.
[Middle English chimere, Chimera, from Old French, from Latin chimaera, from Greek khimaira, female goat, Chimera; see ghei- in Indo-European roots.]
American Heritage® Dictionary of the English Language, Fifth Edition. Copyright © 2016 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.

chimera

Chimera Ant

(kaɪˈmɪərə; kɪ-) or

chimaera

n
1. (Classical Myth & Legend) (often capital) Greek myth a fire-breathing monster with the head of a lion, body of a goat, and tail of a serpent
2. (Art Terms) a fabulous beast made up of parts taken from various animals
4. (Genetics) biology an organism, esp a cultivated plant, consisting of at least two genetically different kinds of tissue as a result of mutation, grafting, etc
[C16: from Latin chimaera, from Greek khimaira she-goat, from khimaros he-goat]
Collins English Dictionary – Complete and Unabridged, 12th Edition 2014 © HarperCollins Publishers 1991, 1994, 1998, 2000, 2003, 2006, 2007, 2009, 2011, 2014

chi•me•ra

or chi•mae•ra

(kɪˈmɪər ə, kaɪ-)
n., pl. -ras.
1. (often cap.) a monster of classical myth, commonly represented with a lion's head, a goat's body, and a serpent's tail.
2. any horrible or grotesque imaginary creature.
4. an organism composed of two or more genetically distinct tissues.
[1350–1400; Middle English < Latin chimaera < Greek chímaira she-goat; akin to Old Norse gymbr, E gimmer ewe-lamb one year (i.e., one winter) old, Latin hiems winter (see hiemal)]
Random House Kernerman Webster's College Dictionary, © 2010 K Dictionaries Ltd. Copyright 2005, 1997, 1991 by Random House, Inc. All rights reserved.
Noun1.Chimera - (Greek mythology) fire-breathing female monster with a lion's head and a goat's body and a serpent's tail; daughter of Typhon
Greek mythology - the mythology of the ancient Greeks
mythical creature, mythical monster - a monster renowned in folklore and myth
2.chimera - a grotesque product of the imagination
imagery, imaging, mental imagery, imagination - the ability to form mental images of things or events; 'he could still hear her in his imagination'
Chimera
Based on WordNet 3.0, Farlex clipart collection. © 2003-2012 Princeton University, Farlex Inc.

chimera

nounillusion, dream, fantasy, delusion, spectre, snare, hallucination, figment, ignis fatuus, will-o'-the-wispHe spent his life pursuing the chimera of perfect love.
Collins Thesaurus of the English Language – Complete and Unabridged 2nd Edition. 2002 © HarperCollins Publishers 1995, 2002

chimera

nounA fantastic, impracticable plan or desire:
bubble, castle in the air, dream, fantasy, illusion, pipe dream, rainbow.
The American Heritage® Roget's Thesaurus. Copyright © 2013, 2014 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.
Chiméra
khimaira
Himera
キマイラキメラ
himeraХимера

chimera

Chimera[kaɪˈmɪərə]Nquimeraf
Collins Spanish Dictionary - Complete and Unabridged 8th Edition 2005 © William Collins Sons & Co. Ltd. 1971, 1988 © HarperCollins Publishers 1992, 1993, 1996, 1997, 2000, 2003, 2005

chimera

[kaɪˈmɪərə]n
(= monster) → chimèref
Collins English/French Electronic Resource. © HarperCollins Publishers 2005

chimera

Collins German Dictionary – Complete and Unabridged 7th Edition 2005. © William Collins Sons & Co. Ltd. 1980 © HarperCollins Publishers 1991, 1997, 1999, 2004, 2005, 2007

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