MORTGAGE-BACKED SECURITY

Pronunciation (US):

(GB):

IPA (US):

 Dictionary entry overview: What does mortgage-backed security mean? 

• MORTGAGE-BACKED SECURITY (noun)
  The noun MORTGAGE-BACKED SECURITY has 1 sense:

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

  Familiarity information: MORTGAGE-BACKED SECURITY used as a noun is very rare.

 Dictionary entry details 

• MORTGAGE-BACKED SECURITY (noun)

Sense 1

Meaning:

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

Classified under:

Nouns denoting possession and transfer of possession

Hypernyms ("mortgage-backed security" is a kind 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)