Meaning of “commercial mortgage-backed securities” in the English Dictionary

business-english dictionary

"commercial mortgage-backed securities" in Business English

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commercial mortgage-backed securitiesnoun [ plural ]

uk us abbreviation CMBS FINANCE

groups of loans on business properties that are combined to make bonds and sold as investments:

A major development in real estate finance in the 1990s was the emergence of commercial mortgage-backed securities.

(Definition of “commercial mortgage-backed securities” from the Cambridge Business English Dictionary © Cambridge University Press)