mortgage-backed security
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Related to Mortgage-backed Securities: Stripped Mortgage-Backed Security, Asset-backed securities
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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 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" |