What is the Definition of Mortgage-Backed Securities?

What is the Definition of Mortgage-Backed Securities?

Investment grade securities backed by a pool of mortgages. The issuer uses the cash flow from mortgages to pay interest on the bonds.

Source: Insurance Handbook A guide to insurance: what it does and how it works | https://www.iii.org/

Label: Insurance
Theme: Dictionary of Insurance Terms

Other Questions: What is the definition of Annuity?

What is the Definition of Mortgage-Backed Securities?

What is the Definition of Mortgage-Backed Securities?

You can find random definition and meaning of insurance terms below:


Meaning of Allied Lines in Insurance Terms

Property insurance that is usually bought in conjunction with fire insurance; it includes wind, water damage and vandalism coverage.


Meaning of Alternative Dispute Resolution/Adr in Insurance Terms

An alternative to going to court to settle disputes. Methods include arbitration, where disputing parties agree to be bound to the decision of an independent third party, and mediation, where a third party tries to arrange a settlement between the two sides.


Meaning of Alternative Markets in Insurance Terms

Nontraditional mechanisms used to finance risk. This includes captives, which are insurers owned by one or more noninsurers to provide owners with coverage. Risk-retention groups, formed by members of similar professions or businesses to obtain liability insurance and self-insurance, are also included.


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