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单词 MORTGAGE-BACKED REVENUE BOND
释义

Local or municipality issued bonds to fund low interest rate mortgages. the mortgage payments pay back the mortgage-backed revenue bonds. Similar to mortgage backed securities. Each bond has its own short-term maturity date, varying from 18 months up to 4 years. Also known as housing bond.

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更新时间:2024/10/27 5:22:40