Mortgage bond


Mortgage bond

A mortgage bond is a bond backed by a pool of mortgages on a real estate asset such as a house. More generally, bonds which are secured by the pledge of specific assets are called mortgage bonds. Mortgage bonds can pay interest in either monthly, quarterly or semiannual periods.


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  • mortgage bond — see bond 2 Merriam Webster’s Dictionary of Law. Merriam Webster. 1996 …   Law dictionary

  • Mortgage bond — A bond in which the issuer has granted the bondholders a lien against the pledged assets. Collateral trust bonds * * * mortgage bond mortgage bond ➔ bond * * * mortgage bond UK US noun [C] FINANCE ► a type of bond that is protected by a mortgage… …   Financial and business terms

  • mortgage bond — A bond in which the issuer has granted the bondholders a lien against the pledged assets. Bloomberg Financial Dictionary See: collateral trust bonds * * * mortgage bond mortgage bond ➔ bond * * * mortgage bond UK US noun …   Financial and business terms

  • mortgage bond — noun : a bond secured by a mortgage on property distinguished from debenture bond * * * a bond secured by a mortgage on real estate or other property. [1885 90] * * * ˈmortgage bond 7 [mortgage bond] noun (SAfrE) …   Useful english dictionary

  • Mortgage Bond — A bond secured by a mortgage on one or more assets. These bonds are typically backed by real estate holdings and/or real property such as equipment. In a default situation, mortgage bondholders have a claim to the underlying property and could… …   Investment dictionary

  • mortgage bond — In the USA, a bond in which a debt is secured by a real asset (land or property). Senior mortgage bonds have first claim on assets and junior mortgage bonds are subordinate. A mortgage bond may have a closed end provision, which prevents an… …   Accounting dictionary

  • mortgage bond — In the USA, a bond in which a debt is secured by a real asset (land or property). Senior mortgage bonds have first claim on assets and junior mortgage bonds are subordinate. A mortgage bond may have a closed end provision, which prevents an… …   Big dictionary of business and management

  • mortgage bond — a bond secured by a mortgage on real estate or other property. [1885 90] * * * …   Universalium

  • mortgage-bond — A bond which is secured by a mortgage …   Ballentine's law dictionary

  • mortgage bond — / mɔ:gɪdʒ bɒnd/ noun a certificate showing that a mortgage exists and that property is security for it …   Dictionary of banking and finance