Meaning of “Pfandbrief” in the English Dictionary


"Pfandbrief" in Business English

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Pfandbriefnoun [ C ]

uk /ˈpfændbriːf/ us 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” from the Cambridge Business English Dictionary © Cambridge University Press)