Meaning of “mortgage bond” in the English Dictionary

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"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 bond traders said they haven't seen any rush to sell today.

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