mortgage bond

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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 bond secured by the payments on one or more mortgages. For example, a mortgage corporation may issue a bond backed by payments it receives from clients. This provides the issuer with working capital while providing a relatively safe investment for bondholders. In the event of default, bondholders have the right to take possession of and sell the property underlying the mortgage in order to recover their investments. See also: Mortgage-backed security.

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.
References in periodicals archive ?
BBVA Bancomer, Mexico's largest bank and a unit of Spain's Banco Bilbao Vizcaya Argentaria SA (NYSE: BBV) (SAN: BBVA), has launched the sale of mortgage bonds worth MXN5.
75 percent First and Refunding Mortgage Bonds Series A due 2008 - 3.
Issuing mortgage bonds into the capital market is a major specialized method to fund mortgage loans in Europe.
NEW YORK -- Fitch Ratings has affirmed the following ratings assigned to Idaho Housing and Finance Association's (IHFA) single-family mortgage bonds, 2009 series C, 2009 series 1-A, and 2010 series A (2009 Indenture) as follows:
PECO Energy Company announced today that it sold $250 million of its first mortgage bonds through a private placement.
NEW YORK -- Fitch rates the following Idaho Housing and Finance Association (the association) single family mortgage bonds, 2006 series G, as follows:
BBB-' first mortgage bonds and debentures, 'BBB-' preferred stock;
The covered bonds are issued by WM Covered Bond Program, a special-purpose entity which, in turn, purchases floating rate US dollar denominated mortgage bonds issued directly by Washington Mutual Bank.
5 million single family mortgage bonds, 2006 series D class I variable-rate bonds at 'AAA/F1+';
A-' first and refunding mortgage bonds, 'BBB+' preferred stock, 'F-2' commercial paper
The $30 million 2006 series C single family mortgage bonds are being issued under a supplemental indenture that pledges mortgage revenues, investment earnings, reserves and other trust funds to secure the bonds.
s (CCI) first mortgage bonds from "A+" (Single-A-Plus) to "AA" (Double-A).

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