Meaning of “mortgage-backed” in the English Dictionary

business-english dictionary

"mortgage-backed" in Business English

See all translations

mortgage-backedadjective

uk us FINANCE

used to describe an investment, especially a bond, in which the money that is used to pay back mortgages is used to pay interest on the investment:

The mortgage-backed securities market could be heavily affected by mortgage refinancing.

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