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English definition of “Pfandbrief”

Pfandbrief

noun [C]     /ˈpfændbriːf/ (plural Pfandbriefe)
FINANCE in Germany, a type of bond that is based on money earned from mortgages invested in other financial products: Pfandbriefs are issued by mortgage banks and are considered the safest non-government bond in Germany.
(Definition of Pfandbrief noun from the Cambridge Business English Dictionary © Cambridge University Press)
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