mortgage bond

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Related to mortgage bond: Collateral trust bonds, Assumed Bonds

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 ?
The Monetary Council expects that the mortgage bond purchase programme will trigger a rise in mortgage bond issues and a pick-up in market activity.
Danske Bank said that it was already cutting adjustable rate mortgage bonds and interest only home loans in response to concerns raised by the central bank and rating agencies.
It is worth to mention several names of mortgage bond protected by law, used in some European acts regulating this issue.
The strong growth ha the European mortgage bond markets in the last few years has been accompanied by massive changes in the rules governing the issue of those bonds.
So what would replacing regular mortgage bonds with companions do to a bond portfolio?
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.
The bank acknowledged that it is ready to restart mortgage bond purchases if lending recovers.
Investors seeking protection from interest rate hikes are flocking to an ETF that invests in government sponsored mortgage bonds.
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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