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 ?
Within the framework of the programme, the MNB purchases publicly issued, fixed-rate mortgage bonds from Hungarian issuers,
Global Banking News-February 10, 2014--Danske bank's Borgen promises to reduce risky mortgage bonds
An electric and natural gas utility subsidiary of holding company Exelon Corporation (NYSE:EXC), PECO said on Monday that it priced USD550m of first mortgage bonds in two series consisting of USD300m 1.
After a short period of stagnation in the market of mortgage bonds, legislators and institutions offering mortgage credit refinanced with mortgage bonds initiated intense work aiming at establishing modern legal framework of the analyzed instrument.
Issuing mortgage bonds into the capital market is a major specialized method to fund mortgage loans in Europe.
National arrangements for government mortgage bonds - and national interest in them - continue to vary widely across Europe, despite the provision made for them in the EU's 1998 UCITS Directive, which seeks to harmonise national regulations on unit trusts and other such investment funds, according to a recent study by the European Mortgage Federation.
Most mortgage bonds are vulnerable not only to interest-rate increases but to homeowner behavior as well.
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:
Mortgage Bonds are a key form of eligible collateral in many countries with the Reserve Bank first accepting them in response to the global financial crisis when its lending to the banking system increased significantly.
Global Banking News-May 2, 2013--ETF investing in government mortgage bonds gains popularity(C)2013 ENPublishing - http://www.
M2 EQUITYBITES-April 3, 2012-Empire District Electric declares private placement of its USD38m of first mortgage bonds due 2027(C)2012 M2 COMMUNICATIONS http://www.
FPL Group Inc (NYSE:FPL), a US-based company that provides clean energy, has announced a sale of first mortgage bonds.

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