|
|
Definition of Mortgage-backed security
1. Noun. 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.
Definition of Mortgage-backed security
1. Noun. (finance) an asset-backed security whose cash flows are backed by the principal and interest payments of a set of mortgage loans. ¹
¹ Source: wiktionary.com
Lexicographical Neighbors of Mortgage-backed Security
Other Resources:
