Table of Contents
Antonyms
Synonyms
Etymology
1. mortgage
noun. ['ˈmɔrgədʒ, ˈmɔrgɪdʒ'] a conditional conveyance of property as security for the repayment of a loan.
Etymology
- mortgage (English)
- mortgage (Anglo-Norman)
2. mortgage-backed_security
noun. 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.