Wiktionary
mortgage bond
n. (context finance English) A bond secured by a lien on real estate.
Wikipedia
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. The prevalence of mortgage bonds is commonly credited to Mike Vranos.
Category:Bonds (finance) Category:Mortgage-backed security Category:Structured finance