Pronunciation: ˈhɒli liːf ˈtʃɛri
Parts of Speech: noun
california evergreen wild plum with spiny leathery leaves and white flowers
mortgage-backed security
Definition: Meaning of, mortgage-backed security in English to English dictionary.
Pronunciation: / ˈmɔːɡɪdʒ bækt sɪˈkjʊərɪti;sɪˈkjɔːrɪti /
- noun
- synonym
- antonym
| Word Forms: |
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a security created when a group of mortgages are gathered together and bonds are sold to other institutions or the public; investors receive a portion of the interest payments on the mortgages as well as the principal payments; usually guaranteed by the government
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