mortgage bond

American  

noun

1. a bond secured by a mortgage on real estate or other property.

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Etymology

Origin of mortgage bond

First recorded in 1885–90

Example Sentences

That triggers a loan payoff and shortens the maturity of a mortgage bond.

From Reuters

It includes Treasury and mortgage bond buying, which now amounts to $120 billion a month.

From Seattle Times

As a result, the Fed is edging toward an announcement that it will soon begin paring the pace of its Treasury and mortgage bond buying, which now amounts to $120 billion a month.

From Seattle Times

Both Treasury and mortgage bond purchases contribute to overall financial accommodation, financial markets being supportive of economic recovery, and that’s why you can’t simply say, ‘Well, the housing market’s strong, let’s pull them away.’

From Seattle Times

“That almost always impacts the pricing of the mortgage bond and hence the rate to the borrowers,” he said.

From Washington Post