mortgage-backed security
English Dictionary
->
Letter M
-> mortgage-backed security
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mortgage-backed security Definition
(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
g
mortgage-backed security Synonyms
mortgage-backed security
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