mortgage-backed security(redirected from Mortgage backed security)
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Related to Mortgage backed security: Collateralized Debt Obligations, Asset Backed Security
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|Noun||1.||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|