mortgage

(redirected from Mortgage bond)
Also found in: Dictionary, Thesaurus, Legal, Financial, Encyclopedia, Wikipedia.
Related to Mortgage bond: Collateral trust bonds, Assumed Bonds

mortgage,

n a right given to the creditor over the property of the debtor for the security of the debt; invests the creditor with the power to have the property seized and sold in default of payment.
References in periodicals archive ?
BBVA Bancomer, Mexico's largest bank and a unit of Spain's Banco Bilbao Vizcaya Argentaria SA (NYSE: BBV) (SAN: BBVA), has launched the sale of mortgage bonds worth MXN5.
The mortgage bond market in Europe is highly concentrated.
PECO Energy Company announced today that it sold $250 million of its first mortgage bonds through a private placement.
25 /PRNewswire/ -- Philadelphia Electric Company (NYSE: PE) (PECO) announced today that it sold through competitive bidding $475 Million of First and Refunding Mortgage Bonds.
Investing in church mortgage bonds and church mortgage loans does involve investment risk, and some Borrowers may default on their church mortgage bond and church mortgage loan payments.
50 in cash for each $1,000 principal amount of mortgage bonds for which Duke Energy received properly completed consents will be made to the consenting holders entitled thereto on March 20, 2006, in accordance with the consent solicitation statement.
The $35 million 2006 series G single family mortgage bonds are being issued under a supplemental indenture that pledges mortgage revenues, investment earnings, reserves and other trust funds to secure the bonds.
5 million single family mortgage bonds, 2006 series D class I variable-rate bonds at 'AAA/F1+';
A-' first and refunding mortgage bonds, 'BBB+' preferred stock, 'F-2' commercial paper
15 million single family mortgage bonds, 2006 series C class I variable-rate bonds at 'AAA/F1+';

Full browser ?