Definitions of mortgage-backed security

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Definition of 'mortgage-backed security'

Princeton's WordNet

1. (noun) mortgage-backed security
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

'mortgage-backed security' - Nearby Entries
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"mortgage-backed security." Definitions.net. STANDS4 LLC, 2012. 1 June. 2012. http://www.definitions.net/definition/mortgage-backed security

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