English dictionary

mortgage-backed security meaning and definition

Definition and meaning of mortgage-backed security at MeaningMonkey.org. mortgage-backed security meaning and definition in the English Dictionary.


Definition of mortgage-backed security (noun)

  1. 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
Source: Princeton University Wordnet

If you find this page useful, share it with others! It would be a great help. Thank you!


Link to this page: