Pfandbrief Meaning in the Cambridge English Dictionary
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Meaning of “Pfandbrief” in the English Dictionary

"Pfandbrief" in Business English

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Pfandbriefnoun [C]

uk   us   /ˈpfændbriːf/ (plural Pfandbriefe)
FINANCE in Germany, a ​type of ​bond that is ​based on ​moneyearned from mortgagesinvested in other ​financialproducts: Pfandbriefs are ​issued by ​mortgagebanks and are considered the ​safest non-government ​bond in Germany.
(Definition of Pfandbrief from the Cambridge Business English Dictionary © Cambridge University Press)
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