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mortgage bond
noun
- a bond secured by a mortgage on real estate or other property.
Word History and Origins
Origin of mortgage bond1
Example Sentences
Keep in mind, mortgage bonds respond favorably to bad news, which in turn helps keep interest rates low.
Finally, it looks as though mortgage bonds may have caught a break.
Currently, mortgage bonds are smack in the middle of a trading range and, depending on how the wind blows, could drop to the lower support level, which would cause rates to move even higher.
Inflation is the enemy of mortgage bonds and added supply doesn’t help matters any.
And if you think any of this will happen, I have a wonderful mortgage bond to sell you.
A first mortgage bond is one secured by first mortgage on the company's property.
Cedula, sed′ū-l, n. a South American promissory-note or mortgage-bond on lands.
"Or a consolidated first-mortgage bond," remarked the Bibliomaniac.
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