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mortgage bond

   Also found in: Medical, Legal, Encyclopedia, Wikipedia, Hutchinson 0.10 sec.
Mortgage bond
A bond in which the issuer has granted the bondholders a lien against the pledged assets. See: Collateral trust bonds
mortgage bond
A long-term debt security that is secured by a lien on specific assets, usually on fixed assets such as real estate. See also closed-end mortgage, open-end mortgage.


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