Mortgage Bond
/ˈmɔːrɡɪdʒ bɒnd/
Definitions
- (n.) A bond secured by a mortgage on real property, providing the bondholder a lien against the property as collateral.
The company issued a mortgage bond to finance its new building project.
- (n.) A long-term debt security backed by a mortgage or pool of mortgages, commonly used in real estate financing.
Investors often seek mortgage bonds for stable, long-term returns.
Forms
- mortgage bond
- mortgage bonds
Related terms
See also
Commentary
Mortgage bonds are distinct from unsecured bonds due to the secured interest in real property, affecting priority and risk levels.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.