MORTGAGE-BACKED SECURITY

Pronunciation (US):

(GB):

 I. (noun) 

Sense 1

Meaning:

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

Classified under:

Nouns denoting possession and transfer of possession

Hypernyms ("mortgage-backed security" is a kind of...):

certificate; security (a formal declaration that documents a fact of relevance to finance and investment; the holder has a right to receive interest or dividends)

Credits