A bond secured by a mortgage on a property. Mortgage bonds are backed by real estate or physical equipment that can be liquidated. These are usually considered high-grade, safe investments. If an issuer in default has both secured and unsecured bonds outstanding, secured bondholders are paid off first, then unsecured bondholders. Naturally, because unsecured bonds carry greater risk than secured bonds, they usually pay higher yields.
Related information about mortgage bond:
- Mortgage Bond Definition | Investopedia
A bond secured by a mortgage on one or more assets. These bonds are typically backed by real estate holdings and/or real property such as equipment.
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A mortgage bond is a bond backed by a pool of mortgages on a real estate asset such as a house. More generally, bonds which are secured by the pledge of ...
- Mortgage bond - Legal Dictionary - The Free Dictionary
A legal document by which the owner (i.e., the buyer) transfers to the lender an interest in real estate to secure the repayment of a debt, evidenced by a ...
- What is mortgage bond? definition and meaning
Definition of mortgage bond: A bond secured by a mortgage on a property. Mortgage bonds are backed by real estate or physical equipment that can be ...
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