mortgage bond Meaning in the Cambridge English Dictionary Cambridge dictionaries logo

Meaning of “mortgage bond” in the English Dictionary

"mortgage bond" in Business English

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mortgage bondnoun [C]

uk   us   FINANCE
a ​type of ​bond that is ​protected by a mortgage on ​property that can be ​sold, if necessary, to ​pay back the ​bond: mortgage bond market/trader Mortgage ​bondtraders said they haven't seen any ​rush to ​sell today.
(Definition of mortgage bond from the Cambridge Business English Dictionary © Cambridge University Press)
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