Link Centre Dictionary

mortgage-backed security

mort·ga·ge·backedsecurity

uncommon

noun

1.

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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WordNet 2.1 (Princeton University). WordNet 2.1 Copyright Princeton University. All rights reserved.