mortgage-backed security

/ˌmɔrgɪdʒ səˌkjʊrədi/

Other forms: mortgage-backed securities

Definitions of mortgage-backed security

1. noun

   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 on the mortgages as well as the principal payments; usually guaranteed by the government
   type of:

   certificate, security

   a formal declaration that documents a fact of relevance to finance and investment; the holder has a right to receive interest or dividends