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English definition of “commercial mortgage-backed securities”

commercial mortgage-backed securities

noun [plural]
 
 
( abbreviation CMBS) FINANCE
groups of loans on business properties that are combined to make bonds and sold as investments: A major development in real estate finance in the 1990s was the emergence of commercial mortgage-backed securities.
(Definition of commercial mortgage-backed securities from the Cambridge Business English Dictionary © Cambridge University Press)
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