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单词 mortgage backed security
释义

mortgage backed security

Definition
Debt instrument secured by a mortgage or a pool of mortgages (but not conveying a right of ownership to the underlying mortgage). Unlike unsecured securities, they are considered 'investment grade,' and are paid out of the income generated by principle and interest payments on the underlying mortgage. It is a type of mortgage derivative. Also called mortgage backed certificate.
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更新时间:2025/2/2 13:23:47