mortgage-backed security love

mortgage-backed security

Definitions

from Wiktionary, Creative Commons Attribution/Share-Alike License

  • n. an asset-backed security whose cash flows are backed by the principal and interest payments of a set of mortgage loans.

from WordNet 3.0 Copyright 2006 by Princeton University. All rights reserved.

  • n. a security created when a group of mortgages are gathered together and bonds are sold to other institutions or the public; investors receive a portion of the interest payments on the mortgages as well as the principal payments; usually guaranteed by the government

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