Defenition of the word mortgage-backed security

• Defenition of the word mortgage-backed security

  • 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
  • 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 g

Hypernyms for the word mortgage-backed security

• • certificate
  • security

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