| 单词 | mortgage bond |
| 释义 | mortgage bond mortgage bond In the USA, a bond in which a debt is secured by a real asset (land or property). Senior mortgage bonds have first claim on assets and junior mortgage bonds are subordinate. A mortgage bond may have a closed-end provision, which prevents an organization issuing further bonds of a similar nature on the same asset or open-end provision, which permits further issues with the same status. |
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