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mortgage bond

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mortgage bond

–noun
a bond secured by a mortgage on real estate or other property.

Origin:
1885–90
Dictionary.com Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2009.
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Financial Dictionary

mortgage bond

A long-term debt security that is secured by a lien on specific assets, usually on fixed assets such as real estate. See also closed-end mortgage, open-end mortgage.

Wall Street Words: An A to Z Guide to Investment Terms by David L. Scott.
Copyright © 2003. Published by Houghton Mifflin.
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Legal Dictionary

Main Entry: mortgage bond
see BOND 2
Merriam-Webster's Dictionary of Law, © 1996 Merriam-Webster, Inc.
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