| 单词 | MORTGAGE BACKED SECURITY |
| 释义 | Debt instrument with no ownership right to each mortgage’s fractional part of its pool of mortgages backing the security. These are considered ‘investment grade’ instruments, with paid income generated by the underlying mortgage’s principle and interest payments. It is a type of mortgage derivative, Unlike unsecured securities. Also known as mortgage backed certificate. |
| 随便看 |
|
法律词典收录了41026条英汉双解法律词条，基本涵盖了常用法律英语单词及短语词组的翻译及用法，是法律学习的有利工具。