mortgage-backed security

mortgage-backed security

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 
WordNet® 3.0, © 2006 by Princeton University.
Cite This Source
Explore Dictionary.com
Previous Definition: mortgage rate
Next Definition: mortgage-bond
More from Thesaurus.com
Synonyms and Antonyms for mortgage-backed security
More from Reference.com
Search for articles containing mortgage-backed security
Dictionary.com Word FAQs

Dictionary.com presents 366 FAQs, incorporating some of the frequently asked questions from the past with newer queries.

Copyright © 2014 Dictionary.com, LLC. All rights reserved.
  • Please Login or Sign Up to use the Recent Searches feature
FAVORITES
RECENT

;