NOUN | possession | mortgage-backed security | a security created when a group of mortgages are gathered together and bonds are sold to other institutions or the public |
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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. | |
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Broader | security, certificate | A formal declaration that documents a fact of relevance to finance and investment |
Spanish | título hipotecario | |
Catalan | títol hipotecàri |
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