mortgage-backed security
English Thesaurus
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 (noun.possession)
| hypernym | : | certificate, security, |
| definition | : | a formal declaration that documents a fact of relevance to finance and investment; the holder has a right to receive interest or dividends (noun.possession) |
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