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mortgage-backed security

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1. n. 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 Source: wordnet

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mortgages payments bonds created gathered government group guaranteed institutions interest investors portion principal public receive security sold together well

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mortgage mortgage application mortgage deed mortgage holder mortgage loan

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