A bond that uses a blanket mortgage on some or all of its property as collateral to secure the debt. The mortgage securing a general mortgage bond may be secondary to a more senior note, increasing investment risk.
Related information about general mortgage bond:
- What is general mortgage bond? - BusinessDictionary.com
Definition of general mortgage bond: That is secured by a blanket charge on the assets of the issuer, but may by outranked by one or more senior bonds.
- What is general mortgage bond? - InvestorWords.com
Definition of general mortgage bond: A bond that uses a blanket mortgage on some ... The mortgage securing a general mortgage bond may be secondary to a ...
- General Mortgage Bond : defined at Finance Glossary
General Mortgage Bond : In the US, this refers to a bond that is secured by a blanket mortgage on the issuing company's property, though it may be outranked by ...
- General-Mortgage Bond Law & Legal Definition
General-mortgage bond means a corporate bond secured by a blanket charge on the assets of the issuer. However, the general-mortgage bond is often less ...
- General Mortgage Bond: Definition from Answers.com
General Mortgage Bond Bond secured by a Blanket Mortgage on all mortgageable property of the issuing corporation.
- What is GENERAL MORTGAGE BOND? - The Law Dictionary
Definition of GENERAL MORTGAGE BOND: Outranked by one or more senior bonds this bond is secured on the assets of the issuer by a blanket charge .
- General Mortgage Bond - Hewitt Financial Services - Investment ...
G An abbreviation for dividend and earnings that are stated in Canadian dollars in stock listings of newspapers. See: Dividend. GAAP (Generally Accepted ...
- Types of Bonds - AccountingTools
... (called a real property mortgage bond), or by company-owned equipment ( called an equipment bond), or by all assets (called a general mortgage bond).