mortgage-backed security

Noun
  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 (synset 113361259)
    is a type of: certificate, security - a formal declaration that documents a fact of relevance to finance and investment; the holder has a right to receive interest or dividends

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