mortgage-backed security

(redirected from Mortgage Pass-Through Securities)
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Related to Mortgage Pass-Through Securities: Collateralized Mortgage Obligations
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Noun1.mortgage-backed security - 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
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; "he held several valuable securities"
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floating-rate mortgage pass-through securities certificates, series 1999-NC3