Word Study
mortgage-backed security
WORDNET DICTIONARY
Noun mortgage-backed security has 1 sense
- mortgage-backed security(n = noun.possession) Array - 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; Array is a kind of certificate, security
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