mortgage bond
mortgage bond
English Definitions:
mortgage bond (Noun)
A bond secured by a lien on real estate.
Mortgage bond
A mortgage bond is a bond backed by a pool of mortgages on a real estate asset such as a house. More generally, bonds which are secured by the pledge of specific assets are called mortgage bonds. Mortgage bonds can pay interest in either monthly, quarterly or semiannual periods.
mortgage bond
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"mortgage bond." Kamus.net. STANDS4 LLC, 2024. Web. 29 Mar. 2024. <https://www.kamus.net/english/mortgage+bond>.
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