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.MORTGAGE-BACKED SECURITY noun
Definition of mortgage-backed security (noun)
- 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