| / English Dictionary |
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)
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