HyperDic: mortgage-backed_security

English > 1 sense of the expression mortgage-backed security:
NOUNpossessionmortgage-backed securitya security created when a group of mortgages are gathered together and bonds are sold to other institutions or the public
English > mortgage-backed security: 1 sense > noun 1, possession
MeaningA 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.
Broadersecurity, certificateA formal declaration that documents a fact of relevance to finance and investment
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