Definition of mortgage-backed
"mortgage-backed" is probably misspelled. Trying mortgage-backed_security instead Definition of mortgage-backed_security
1. mortgage-backed_security [ n ] a security created when a group of mortgages are gathered together and bonds are sold to other institutions or the public; investors receive a portion of the interest payments as well as the principal payments; usually guaranteed by the government
Synonyms mortgage-backed_security Related Terms securitySimilar Spelling
mortgage_deedmortgage_loan
mortgage_holder