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definition Mortgage-backed security
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1. mortgage-backed security (Noun)
1 definition
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 |
2 types of
# | Word | Number of letters | Number of synonyms | ||
---|---|---|---|---|---|
1. | certificate | 11 letters | 43 synonyms | ||
2. | security | 8 letters | 74 synonyms |
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