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Mortgage-backed security
/mˈɔːɡɪdʒbˈakt sɪkjˈʊəɹɪti/
/mˈɔːɹɡɪdʒbˈækt sɪkjˈʊɹɪɾi/Mortgage-backed security
01
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
