mortgage-backed security

1. 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

   Broadersecurity

Questions about mortgage-backed security

What does mortgage-backed security mean?

mortgage-backed security means "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".

Is mortgage-backed security a common word?

mortgage-backed security is banded "Rare" — specialist or archaic — most readers will not have met it. The band comes from how often the word appears in a large corpus of everyday English, not from an editor's impression.